Cooper Lighting Announces Acquisition of io Lighting
Expanding portfolio of energy efficient LED products
Peachtree City, Ga., August 27, 2007 - Cooper Lighting today announced that it has acquired Illinois-based io Lighting, a light-emitting diode ("LED") commercial lighting fixture company. io Lighting designs and manufactures technically advanced, environmentally friendly indoor and outdoor architectural products which include linear floodlights, cove lighting, illuminated handrails, wall sconces and signage.
"io Lighting is a market leader in the United States, and this acquisition significantly enhances Cooper Lighting's position in the rapidly expanding LED market," said Neil Schrimsher, President of Cooper Lighting. "Their innovative products have given the lighting design community a wide range of tools to solve many unique illumination challenges, and io will be a strong addition to our architectural and specification product lines and to our total lighting business portfolio."
Since its founding in 2002, the company has earned numerous product design awards, including "Best of Show" at Lightfair 2004. "io Lighting has built very strong capabilities in developing LED applications for architectural lighting, and we are very excited to be part of Cooper Lighting, where we will be able to accelerate our new product development and reach a broader customer-base," said Ann Reo, President of io Lighting.
For additional information, contact:
Cooper Lighting
1121 Highway 74 South
Peachtree City
Georgia, 30269
or
visit www.cooperlighting.com.
E-mail: talktous@cooperlighting.com.
About Cooper Lighting
Cooper Lighting, a subsidiary of Cooper Industries (NYSE: CBE), is the leading provider of innovative, high quality lighting fixtures and related products to worldwide commercial, industrial, residential and utility markets. For more information, visit www.cooperlighting.com.
About Cooper Industries
Cooper Industries, Ltd. is a global manufacturer with 2006 revenues of $5.2 billion, approximately 85 percent of which are from electrical products. Incorporated in Bermuda with administrative headquarters in Houston, Cooper employs approximately 30,000 people and operates eight divisions: Cooper B-Line, Cooper Bussmann, Cooper Crouse-Hinds, Cooper Lighting, Cooper Menvier, Cooper Power Systems, Cooper Wiring Devices and Cooper Tools group. Cooper Connection provides a common marketing and selling platform for Cooper's sales to electrical distributors. For more information, visit www.cooperindustries.com.
For information contact:
Karin Martin
Karin Martin Communications
(630) 513-8625 or Kmartin41@aol.com
