Acuity Brands News: Acquires Arize® From Current

Key Takeaways:

1. Acuity Brands acquired the Arize® family of horticulture lighting products from Current Lighting Solutions.
2. Hort Americas will remain the exclusive distributor in North America.
3. The acquisition aims to enhance Acuity’s offerings in the controlled environment agriculture market.
4. Partnership with Hort Americas aligns with leaders in the commercial greenhouse space.
5. The deal is expected to close by January 2024, integrating Arize products with Acuity’s VerjureTM series.

Acuity Brands, Inc. (NYSE: AYI), a leader in lighting solutions, has announced its strategic acquisition of the Arize® family of horticulture lighting products from Current Lighting Solutions, LLC. The deal, expected to close by January 2024, will see the company expanding its footprint in the controlled environment agriculture market. In addition, the company has secured an agreement with Hort Americas, LLC, ensuring its continued role as the exclusive distributor of these horticulture lighting products across the U.S., Canada, and Mexico.

Acuity Brands Strategic Expansion

Tony Gineris, VP & General Manager of Industrial and Outdoor at Acuity Brands Lighting and Lighting Controls, emphasized the potential of this acquisition. “By adding these high-powered, greenhouse-focused luminaires to our horticulture lighting portfolio, Acuity Brands will be positioned to greatly expand our product offering to the fast-growing controlled environment agriculture market,” he said. The move broadens Acuity’s product range and leverages the company’s expertise in lighting and controls to enhance growers’ productivity and energy efficiency.

Hort Americas Partners With Acuity Brands

Hort Americas, founded in 2009 and based in Bedford, TX, has pioneered advanced, cost-effective products for the commercial greenhouse and controlled environment agriculture sectors. Chris Higgins, President of Hort Americas, highlighted the company’s dedication to understanding and fulfilling growers’ needs through LED grow lights and educational materials. “We are now excited to partner with Acuity Brands and continue building on the success,” Higgins added.

Impact on the Horticulture Industry

The transaction with Current Lighting Solutions marks a significant step for Acuity Brands in strengthening its position in the horticulture industry. Including the Arize products in Acuity’s VerjureTM series post-transaction signifies a concerted effort to offer growers a comprehensive range of solutions. “We need scale, proven customer service, strong warranties, and a reputation for engineering high-quality products to be successful,” said Higgins, expressing confidence in Acuity Brands’ ability to propel the horticulture industry forward.