Lumerica Brightens Future Corporation Acquired Lumasmart's LED Lighting Business

Lumerica Brightens Future Lumerica Corporation, the provider of energy-efficient LED lighting solutions, today announced that it has acquired LumaSmart Technology International’s LED lighting business. Lumerica’s product offerings will be significantly enhanced by LumaSmart’s environmentally-friendly lighting fixtures which are designed to consume less energy, provide a higher quality of light and last longer than competitive products. LumaSmart has primarily focused on the automotive, commercial, defense, industrial and transportation markets. "The acquisition of LumaSmart’s LED product line reflects the continued execution of our plan to be a leading provider of LED lighting solutions to commercial and industrial customers," said Justin Palm, president of Lumerica Corporation. "The LumaSmart LED product line acquisition brings us a proven line of high quality, cost-effective lighting products for a wide-range of applications which complements our current product line. It also provides the opportunity to offer our customers more quality products made in the U.S.A." Terms of the acquisition were not disclosed. LumaSmart, with a significant base of contract manufacturing customers, will remain a key supplier to Lumerica. "LumaSmart will be an important contributor to Lumerica’s success, and we look forward to gaining market share through offering unparalleled lighting value to discerning customers,” said Palm. Source: prweb.com