Legrand to Acquire Middle Atlantic Products
The completion of the transaction is anticipated for mid-June and is subject to the satisfaction of certain requirements, including regulatory approval. Prior to closing, Legrand and Middle Atlantic will continue to operate as separate, independent companies. The acquisition will help Legrand to fulfill one of its key objectives to establish a leadership position in the fast growing markets for AV infrastructure products, systems, and solutions, according to the company. Middle Atlantic has a sales relationship with more than 3,500 integrators in the U.S. and Canada. Once this transaction is completed, Middle Atlantic will offer an expanded product lineup, access to enhanced specification services and tools, and more complete AV infrastructure solutions. The combined offerings of the firms would include more than 5,000 AV products and services. After closing, Middle Atlantic would operate as an independent business within Legrand. Mike Baker, president of Middle Atlantic Products, would lead a new, fifth division - commercial AV - for Legrand in North America.
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