Represents impressive market growth in the past 10 years
WEST HARTFORD, Conn.--Legrand, North America, a subsidiary of Legrand, the global specialist in electrical and digital building infrastructures, today announced it has surpassed $1 billion of sales in the North American market in 2013. This achievement represents impressive market growth in the past 10 years, and is attributed to organic growth from new products; successful innovation and R&D initiatives; and strategic acquisitions that complemented or broadened the company's market reach.
With a portfolio of well-known brands, including Cablofil, Electrorack, Middle Atlantic, NuVo, On-Q, Ortronics, Pass & Seymour, Vantage, WattStopper and Wiremold, Legrand North America has taken a measured approached in its acquisition strategy as well as product development across a variety of channels related to the electrical, power, light and data markets. Additionally, Legrand has successfully maintained innovation in its core product categories to meet the evolving needs of its three-tier customer base of distributors, installers and end-users.
"Legrand is a company committed to innovation, and that core value has led to this remarkable milestone," Legrand, North America President and CEO John Selldorff said. "The commitment to redefining products exemplified by all Legrand's employees has made its achievement attainable and continues to propel the company forward. Furthermore, this achievement could have never been reached without our loyal customer base and network of vendors, who have supported Legrand product lines in the North American market."
Selldorff noted other significant market factors that enabled Legrand to enlarge its product offering and customer base, keeping all business units profitable:
*Emergence of High Performance Building initiatives, standards and solutions to reduce energy usage
*Expansion of data communication centers
*Evolution of home automation
*Continuously expanding DIY market
The news of the billion dollar sales achievement for Legrand, North America is one component of Legrand's 2013 global sales results. Seventeen percent of Legrand's global sales come from North America, where revenue increased 4.7 percent in 2013 at constant scope of consolidation and exchange rates.
The global sales results and the billion-dollar milestone is followed by the recent announcement that Legrand has acquired Lastar, Inc., which includes Quiktron, a leading manufacturer of copper and fiber optic cable assemblies for the data communications distribution channel, and C2G, a recognized leader of cabling and connectivity products for the A/V and IT industries.
Learn more about Legrand: www.legrand.us.