Leviton acquires Canadian lighting manufacturer
Leviton Monday announced the acquisition of Viscor, a Toronto-based independent lighting manufacturer, which specializes in lighting for architectural, commercial, medical, institutional and industrial applications. Leviton said in a statement that the acquisition supports its “commitment to strategically expand its lighting and controls product offering.”
Established in 1952, Viscor is a family-owned company that manufactures LED lighting products. The company comprises more than 150 product families, 300 employees and a 200,000 square-foot facility.
“Viscor is a well-known and respected lighting company in Canada with a rich and innovative history,” said Daryoush Larizadeh, president and chief operating officer of Leviton, in a statement. “By adding Viscor to the Leviton family, we will be able to provide a much deeper portfolio of lighting options for our customers. Equally important, Viscor’s product portfolio will be further enhanced with access to our wide variety of innovative lighting control options.”
“Viscor and Leviton both share a common vision and values, so it’s exciting to bring our innovation and expertise to one another,” added Bill Wiener, chairman of Viscor. “We are pleased that Viscor will continue in the hands of another great family run company.”
KPMG represented Viscor in the sale, which officially closed on Nov. 1, 2019.