Principal Industries, a leading provider of electrical components and services to the commercial sign industry, announces the acquisition of SloanLED, a California-based specialist in highly engineered LED solutions to the signage, retail, hospitality, and petroleum markets. This acquisition strengthens and diversifies Principal’s product portfolio in new and existing end markets while expanding its footprint in and outside of North America.
“The Vincent brothers and I are beyond excited to welcome SloanLED into the Principal family. Bringing together the two most highly regarded LED brands in the industry gives us access to a vast array of capabilities,” stated Principal Industries CEO Todd Fiske. “This will accelerate our development of innovative and useful solutions while striving to simplify the lives of our customers.”
Steve Shotwell, president and COO of SloanLED, said, “I look forward to combining the strengths of two market leaders and providing our customers with the best and most innovative product solutions, services and support, across all of our business segments around the world.”
Principal Industries says that Sloan’s long history, industry reputation, and culture will be a great addition to their industry-leading brands which include Principal LED, Principal Services, Ventex Technology, and LED Wizard.
Five brands. One mission. “We exists to simplify the lives of our customers.”