Acuity Brands acquires Current Arize horti lighting
Added on 29 November 2023
Today, Acuity Brands announced that it has agreed to acquire Arize horticultural lighting products from Current Lighting Solutions, LLC, while maintaining a distribution partnership with Texas-based Hort Americas for sales and support of Arize products in North America.
“By adding these high-powered, greenhouse-focused luminaires to our horticulture lighting portfolio, Acuity Brands will be positioned to greatly expand our product offering to the fast-growing controlled environment agriculture market, while taking advantage of our lighting and controls expertise to help growers increase productivity while decreasing energy consumption,” said Tony Gineris, vice president and general manager, industrial and outdoor, Acuity Brands Lighting and Lighting Controls.
Current carrying on with C&I
LEDs Magazine received reader inquiries several months back regarding whether a sale of Current’s CEA portfolio was imminent. When asked at the time, Current representatives declined to confirm an acquisition was already underway or to identify interested parties.
On condition of anonymity, in August a Current representative indicated that continued investment in horticulture would not be part of the company’s long-term strategy, offering this statement: “We will continue to support customers like Hort Americas; however, horticulture will not be a strategic focus for us moving forward. Our focus will be on continued efforts to merge the GE Current, a Daintree company and Hubbell Lighting businesses, systems, and portfolios, offering first-in-class service to our customers with a laser focus in the C&I, roadway, distribution, and specialty channel across luminaires and controls.”