Announcement
Trio Leuchten GmbH has joined to the international
Group Partners in Lighting International NV . Trio
Leuchten will continue to operate in its key channels and
continue its own marketing and sales strategy. Partners
in Lighting International (PLI) will assist on sourcing,
production and international logistics.
PLI will acquire the shares of Trio Leuchten.
The deal is subject to clearance of competition authorities.
Bernd Müller (managing director of Trio
Leuchten an reality Leuchten) comments: We are joining
an major player in the European lighting market. We will
benefit from the sourcing and logistics services and infrastructure
and continue to build the business with our customers. It
will help us to develop our business in the future.
Jules Noten, chief executive of PLI. Adds:
We have always been interested in developing the furniture
and lifestyle business in Germany; we are already active
with Massive mainly in the DIY.channel. Trio Leuchten is
an excellent fit to our international lighting group-
At the Frankfurt Fair Light and Building,
Partners in Lighting will be represented on 4 different
locations, one for Trio Leuchten, one for Massive, one for
Lirio and another one for Modular.
PLI has clearly real firmed its intention to
grow both organically and by selective acquisitions.