News: LEDs
5 August 2024
Lumileds completes sale of Lamps and Accessories business to First Brands Group
LED product and lighting maker Lumileds LLC of San Jose, CA, USA says that in July it completed the sale of its Lamps and Accessories business to First Brands Group LLC (a global automotive parts maker that serves the worldwide automotive aftermarket).
“Completion of this transaction strengthens Lumileds and enables the company to focus on our core LED business,” says CEO Steve Barlow. “Lumileds is committed to continued collaboration with our customers to solve market needs, and to producing innovative LED solutions that drive growth, improve profitability, and generate value for Lumileds, our customers and stakeholders alike.”
Citi acted as financial advisor and DLA Piper acted as legal advisor to Lumileds.
Lumileds selling Lamps and Accessories business to First Brands Group
