Principal Industries, a provider of electrical components and services to the commercial sign industry, announces the acquisition of SloanLED, a California-based supplier of indoor and outdoor LED products.
According to the companies, the acquisition strengthens and diversifies Principal’s product portfolio in new and existing end markets while expanding its footprint in and outside of North America.
“The Vincent brothers and I are beyond excited to welcome SloanLED into the Principal family. Bringing together the two most highly regarded LED brands in the industry gives us access to a vast array of capabilities,” states Principal Industries CEO Todd Fiske. “This will accelerate our development of innovative and useful solutions while striving to simplify the lives of our customers.”
Sloan’s history, industry reputation, and culture will be the newest addition to Prinicpal’s brands, including Principal LED, Principal Services, Ventex Technology, and LED Wizard.
“I look forward to combining the strengths of two market leaders and providing our customers with the best and most innovative product solutions, services, and support, across all of our business segments around the world,” says Steve Shotwell, president and COO of SloanLED.