Masco Corporation Announces Completion of Kichler Lighting Sale
Masco (NYSE: MAS) has completed the sale of Kichler Lighting to an affiliate of Kingswood Capital Management. Kichler Lighting, based in Solon, Ohio, is a provider of decorative residential and light commercial lighting products, ceiling fans, and LED lighting systems. Kingswood Capital Management, the new owner, also owns Progress Lighting, another provider of decorative lighting solutions.
Masco , headquartered in Livonia, Michigan, is a global leader in home improvement and building products. Its portfolio includes brands such as Behr® paint, Delta® and Hansgrohe® fixtures, Liberty® hardware, and HotSpring® spas. The company leverages these brands across various product categories, sales channels, and geographies to create value for customers and shareholders.
Masco (NYSE: MAS) ha completato la vendita di Kichler Lighting a una filiale di Kingswood Capital Management. Kichler Lighting, con sede a Solon, Ohio, è un fornitore di prodotti di illuminazione decorativa per abitazioni residenziali e per il mercato commerciale leggero, ventilatori da soffitto e sistemi di illuminazione a LED. Kingswood Capital Management, il nuovo proprietario, possiede anche Progress Lighting, un altro fornitore di soluzioni di illuminazione decorativa.
Masco, con sede a Livonia, Michigan, è un leader globale nel miglioramento della casa e nei prodotti per la costruzione. Il suo portafoglio include marchi come Behr® vernici, Delta® e Hansgrohe® rubinetteria, hardware Liberty® e spa HotSpring®. L'azienda sfrutta questi marchi in varie categorie di prodotto, canali di vendita e geografie per creare valore per i clienti e gli azionisti.
Masco (NYSE: MAS) ha completado la venta de Kichler Lighting a una afiliada de Kingswood Capital Management. Kichler Lighting, con sede en Solon, Ohio, es un proveedor de productos de iluminación decorativa para viviendas residenciales y ligeras comerciales, ventiladores de techo y sistemas de iluminación LED. Kingswood Capital Management, el nuevo propietario, también posee Progress Lighting, otro proveedor de soluciones de iluminación decorativa.
Masco, con sede en Livonia, Michigan, es un líder global en mejoras para el hogar y productos de construcción. Su cartera incluye marcas como Behr® pintura, Delta® y Hansgrohe® grifos, Liberty® ferretería y spas HotSpring®. La empresa utiliza estas marcas en varias categorías de productos, canales de venta y geografías para crear valor para clientes y accionistas.
Masco (NYSE: MAS)는 Kichler Lighting의 판매를 완료했습니다. Kichler Lighting은 오하이오주 솔론에 본사를 두고 있으며, 장식적인 주거 및 경량 상업용 조명 제품, 천장 팬 및 LED 조명 시스템을 제공하는 업체입니다. 새 소유주인 Kingswood Capital Management는 또 다른 장식 조명 솔루션 제공업체인 Progress Lighting도 소유하고 있습니다.
Masco는 미시간주 리보니아에 본사를 두고 있으며 주택 개선 및 건축 제품의 글로벌 리더입니다. 비르 포트폴리오는 Behr® 페인트, Delta® 및 Hansgrohe® 욕실 설치, Liberty® 하드웨어 및 HotSpring® 스파와 같은 브랜드를 포함하고 있습니다. 이 회사는 고객과 주주에게 가치를 창출하기 위해 다양한 제품 카테고리, 판매 채널 및 지리적 위치에서 이러한 브랜드를 활용합니다.
Masco (NYSE: MAS) a achevé la vente de Kichler Lighting à une filiale de Kingswood Capital Management. Kichler Lighting, basé à Solon, Ohio, est un fournisseur de produits d'éclairage décoratifs pour les résidences et les petites entreprises, des ventilateurs de plafond et des systèmes d'éclairage LED. Kingswood Capital Management, le nouveau propriétaire, possède également Progress Lighting, un autre fournisseur de solutions d'éclairage décoratif.
Masco, dont le siège est à Livonia, Michigan, est un leader mondial dans le domaine de l'amélioration de l'habitat et des produits de construction. Son portefeuille comprend des marques telles que Behr® peinture, Delta® et Hansgrohe® appareils, Liberty® quincaillerie et HotSpring® spas. L'entreprise tire parti de ces marques à travers différentes catégories de produits, canaux de vente et régions géographiques pour créer de la valeur pour les clients et les actionnaires.
Masco (NYSE: MAS) hat den Verkauf von Kichler Lighting an eine Tochtergesellschaft von Kingswood Capital Management abgeschlossen. Kichler Lighting mit Sitz in Solon, Ohio, ist ein Anbieter von dekorativen Beleuchtungsprodukten für Wohn- und leichte Gewerbe, Deckenventilatoren und LED-Beleuchtungssysteme. Kingswood Capital Management, der neue Eigentümer, ist auch im Besitz von Progress Lighting, einem weiteren Anbieter dekorativer Beleuchtungslösungen.
Masco hat seinen Sitz in Livonia, Michigan, und ist ein globaler Marktführer im Bereich Heimwerker- und Bauprodukte. Das Portfolio umfasst Marken wie Behr® Farben, Delta® und Hansgrohe® Armaturen, Liberty® Hardware und HotSpring® Spas. Das Unternehmen nutzt diese Marken in verschiedenen Produktkategorien, Vertriebskanälen und geografischen Regionen, um Wert für Kunden und Aktionäre zu schaffen.
- Completion of Kichler Lighting sale, potentially streamlining Masco's operations
- Masco maintains a portfolio of industry-leading brands in home improvement and building products
- Divestiture of Kichler Lighting may result in reduced revenue streams for Masco
Insights
The sale of Kichler Lighting by Masco (NYSE: MAS) marks a strategic divestiture that could impact the company's financial structure. While specific financial details are not disclosed, this move likely aims to streamline Masco's portfolio and focus on core business segments. The sale to Kingswood Capital Management, which owns Progress Lighting, suggests potential industry consolidation in the decorative lighting sector.
For investors, this transaction may signal Masco's intent to optimize its business mix and potentially improve overall margins. The impact on Masco's revenue stream and profitability will be important to monitor in upcoming financial reports. Without concrete figures, it's challenging to quantify the immediate financial impact, but the move aligns with broader trends of large corporations refining their product portfolios to enhance shareholder value.
The lighting industry is experiencing consolidation, as evidenced by Kingswood Capital Management's acquisition of Kichler Lighting to complement their existing Progress Lighting brand. This trend could lead to increased competition and potentially affect market dynamics for remaining players in the decorative lighting space.
For Masco, divesting Kichler allows a sharper focus on its core brands like Behr, Delta and Hansgrohe. This strategic move may enhance Masco's competitive position in its primary markets of paint, faucets and bath fixtures. Investors should watch for potential market share gains in these segments as Masco reallocates resources. The transaction also reflects the company's adaptability to changing market conditions and consumer preferences in the home improvement sector.
Headquartered in
“On behalf of Masco, we wish the Kichler Lighting, Kingswood Capital Management and Progress Lighting teams the best in this new venture,” said Keith Allman, President and CEO.
Headquartered in
View source version on businesswire.com: https://www.businesswire.com/news/home/20240919450866/en/
Media contact:
Sue Sabo
Director, Communications
313.792.6226
sue_sabo@mascohq.com
Investor Relations contact:
Robin Zondervan
Vice President, Investor Relations and FP&A
313.792.5500
robin_zondervan@mascohq.com
Source: Masco Corporation
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