Principal Industries, a leading provider of electrical components and services to the commercial sign industry, has announced the acquisition of SloanLED. This acquisition strengthens and diversifies Principal’s product portfolio in new and existing end markets while expanding its footprint. An official source from SloanLED, stated that the combining the strengths of two market leaders will provide their customers with the best and most innovative product solutions, services, and support, across all of our business segments around the world.
The source added that bringing together the two most highly regarded LED brands in the industry gives the collaboration access to a vast array of capabilities. The joint effort of the two companies will accelerate the overall development of innovative and useful solutions while striving to simplify the lives of their customers.