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Lumileds Sells Lamps & Accessories Division to First Brands
With the sale the brand can focus on its core LED business...
Lumileds LLC has completed the sale of its lamps and accessories business to First Brands Group LLC (First Brands), a global automotive parts manufacturer.
“The completion of this transaction strengthens Lumileds and enables the company to focus on our core LED business,” said Steve Barlow, CEO. “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.
