From Home Furnishing Business
ELK Group Acquires Alico Lighting
The acquisition through ELK’s sister corporation, LED Lighting North America Inc., was finalized in August.
Alico’s Zee-Led of LED lighting systems will be a core focus for the combined entity. Alico, known for its proprietary LED technology and design driven LED recessed, under-cabinet and vanity product assortment, will enhance ELK’s market penetration within the LED lighting arena.
“Alico will strengthen every aspect of our LED lighting strategy with superior technology, increased application opportunities and expanded design capabilities,” said Bradford Smith, ELK Group’s CEO. “With this acquisition, we are even better positioned to leverage the growth in the LED lighting category which could realistically represent 90% of all new installations by 2020,” Smith said.
Joey Sadofsky, president of Alico, brings 43 years of technical expertise and industry experience to the combined companies.
“This partnership will allow me to focus more time on what I love most, our customers and our product,” Sadofsky said.