Middle Atlantic Products to Be Acquired
Middle Atlantic Products, which makes racks and other AV products for commercial, residential, security, and broadcast applications, has agreed to be acquired by Legrand North America. Officials from the companies said the transaction should be completed by mid-June and is subject to regulatory approval. Prior to closing, Legrand and Middle Atlantic will continue to operate as separate, independent companies.
Middle Atlantic Products, which makes racks and other AV products for commercial, residential, security, and broadcast applications, has agreed to be acquired by Legrand North America. Officials from the companies said the transaction should be completed by mid-June and is subject to regulatory approval. Prior to closing, Legrand and Middle Atlantic will continue to operate as separate, independent companies.
Legrand officials said that by acquiring an industry leader in AV enclosure systems, it will fulfill one of its key objectives to establish a leadership position in the fast growing markets for AV infrastructure products, systems, and solutions. Middle Atlantic reportedly has sales relationships with more than 3,500 integrators in the U.S. and Canada
“The success of our customers is our primary focus,” said Bob Schluter, founder of Middle Atlantic, in a statement. “They rely on us to constantly develop innovative products and deliver exceptional service. Legrand shares these ideals and together we share a vision to expand and grow this market. I’m excited about the possibilities and the benefits for our customers and employees alike.”
After the deal closes, Middle Atlantic will operate as an independent business within Legrand, company officials said. Mike Baker, president of Middle Atlantic Products, will lead a new commercial AV division for Legrand in North America.
Middle Atlantic customers should benefit from expanded product offerings, access to enhanced specification services and tools, and more complete AV infrastructure solutions, according to officials. Together, Legrand and Middle Atlantic will offer more than 5,000 AV products and services, the companies said.
“The complementary strengths of these businesses, and the fit of the product offerings will be unmatched by any other supplier in this industry,” said John Selldorff, president and CEO of Legrand North America, in a statement. “The combined leadership team is looking forward to making a real difference to the installation community, and the entire AV market, now and for the future.”
Legrand is a specialist in electrical and digital building infrastructures. Its North American brands include On-Q, Pass & Seymour, Vantage, Watt Stopper, and Wiremold.
