High-end lighting designer Italian company Flos will buy US Lukas Lighting from its ceo Craig Corona (download here the press release). Flos Architectural, the professional lighting systems of the group, will then benefit in the US from the synergy with Lukas Lighting.
NYC-based Lukas Lighting specializes in the design, development, and manufacturing of custom lighting products. Its custom division develops projects including, but not limited to, corporate interiors, retail chains, and hospitality with the possibility to tailor and engineer each project based on specific clients’ needs. In recent years, Lukas Lighting has produced beautiful installations at projects such as JP Morgan Chase, Michael Kors, Four Seasons Hotels, and many more.
With the recent and quick growth of its contract division, Flos USA sees Lukas Lighting’s market position in line with its expansion goals in the areas of distribution, service and production. This integration will facilitate quicker time to market and the ability to offer an extended range of customized solutions.
Established in 1962 in Merano, FLOS is recognized as a world leading manufacturer of innovative lighting solutions in the residential and architectural sectors, featuring high quality products and systems characterized by fine design. The company has a rich catalogue of iconic products by legendary designers including Achille Castiglioni, Philippe Starck, Antonio Citterio, Piero Lissoni, Marcel Wanders, Konstantin Grcic, Jasper Morrison, Patricia Urquiola, Ron Gilad, Ronan and Erwan Bouroullec, Michael Anastassiades and many more.
This is the second acquisition made by Flos this year after the company acquired Ares, a leading manufacturer of architectural outdoor lighting, last March. The new deal is then to be read as part of an international growth plan for the group drawn by Italy’s private equity firm Investindustrial in September 2014 when the fund had bought an 80% stake in Flos’s capital with Flos’s founding families Gandini and Rodriguez retaining the other 20% (see here a previous post by BeBeez).
Mr. Corona commented: “When the subject of joining forces first arose, I immediately knew it would be very beneficial for both companies. Strategic fit was not an issue; we each have what the other needs to grow: the customer base will now have access to the best of architectural and decorative lighting products, both standard and customized, in one place.”
