Acuity Brands has reached an agreement to acquire the Arize® family of horticulture lighting products from Current Lighting Solutions. The Company has also reached an agreement with Hort Americas, LLC for it to remain the exclusive distributor of these horticulture lighting products throughout the U.S., Canada, and Mexico.
“By adding these high-powered, greenhouse-focused luminaires to our horticulture lighting portfolio, Acuity Brands will be positioned to greatly expand our product offering to the fast-growing controlled environment agriculture market while taking advantage of our lighting and controls expertise to help growers increase productivity while decreasing energy consumption,” said Tony Gineris, VP & General Manager, Industrial and Outdoor, Acuity Brands Lighting and Lighting Controls. “In addition, we will be aligning ourselves with Hort Americas, an established leader in the commercial greenhouse space.”
“Hort Americas is extremely grateful to have had the opportunity to work with Current Lighting (previously known as GE Current, a Daintree Company) to help develop a lineup of LED grow lights with proven reliability over time,” said Chris Higgins, President of Hort Americas. “We are now excited to partner with Acuity Brands and continue building on the success, as well as the products, technology, and services so many growers have come to depend on.” The transaction with Current Lighting is expected to close by the end of January 2024, when the Arize products will join the VerjureTM series of horticulture lighting products from Acuity Brands. The Hort Americas agreement will go into effect upon the closing of the transaction with Current.
“We know we need scale, proven customer service, strong warranties, and a reputation for engineering high-quality products to be successful,” Higgins added. “Only a few companies in North America can offer all of these characteristics. We are confident that one of the leading lighting technology companies in North America, Acuity Brands, will be a partner to help us advance the horticulture industry going forward.”