West Hartford, CT (May 24, 2011)--Legrand, North America is set to acquire Middle Atlantic Products, Inc. in mid-June, pending certain requirements, including regulatory approval.
Middle Atlantic specializes in AV products and solutions for commercial, residential, security and broadcast applications. Legrand, a specialist in electrical and digital building infrastructures, reported sales of $5.7 billion in 2010, and owns a number of lines, including Cablofil, Electrorack, On-Q, Ortronics, Pass & Seymour, Vantage, Watt Stopper and Wiremold.
The completion of the transaction is anticipated for mid-June and is subject to the satisfaction of. Prior to closing, Legrand and Middle Atlantic will continue to operate as separate, independent companies. After closing, Middle Atlantic would operate as an independent business within Legrand and would remain focused on providing innovative products and an exceptional customer experience. Mike Baker, President of Middle Atlantic Products, would lead a new, 5th Division -Commercial AV- for Legrand in North America.
“The complementary strengths of these businesses, and the fit of the product offerings will be unmatched by any other supplier in this industry,” said John Selldorff, President and Chief Executive Officer, Legrand, North America. “The combined leadership team is looking forward to making a real difference to the installation community, and the entire AV market, now and for the future.”
According to Bob Schluter, founder of Middle Atlantic, “The success of our customers is our primary focus. They rely on us to constantly develop innovative products and deliver exceptional service. Legrand shares these ideals and together we share a vision to expand and grow this market. I’m excited about the possibilities and the benefits for our customers and employees alike.”
Middle Atlantic Products, Inc.