L.D. Kichler Co. (Kichler Lighting) has been acquired by Masco Corporation, one of the world’s leading manufacturers of branded home improvement and building products. Financial details have not been disclosed.
Kichler Lighting is a leading developer of decorative residential and light commercial lighting products, ceiling fans and LED lighting systems across both consumer and professional distribution channels. Founded in 1938, the company generated revenues of US$450 million in 2017 and employs approximately 700 people worldwide.
Masco Corporation is a global leader in the design, manufacture and distribution of branded home improvement and building products. The company's portfolio of industry leading brands includes Behr® paint, Delta® and Hansgrohe® faucets, bath and shower fixtures, KraftMaid® and Merillat® cabinets, Milgard® windows and doors, and Hot Spring® spas. Masco Corporation leverages its powerful brands across product categories, sales channels and geographies to create value for its customers and shareholders.
Oaklins' team in Cleveland advised Kichler Lighting in this transaction.
“Choosing the team in Cleveland as our investment banker was one of the best decisions I’ve made as chairman of Kichler Lighting,” said Barry Minoff. “They were all that I expected from a business standpoint in representing us but they also did so with both a caring and thoughtful approach to what we wanted to accomplish in our transaction.”
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