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Acuity Brands Acquires The Luminaires Group

ATLANTA, September 10, 2019 - Acuity Brands, Inc. (NYSE: AYI) ("Company") today announced that its wholly-owned subsidiary, Acuity Brands Lighting, Inc., has entered into a purchase agreement to acquire all of the equity interests of The Luminaires Group (“TLG”), a leading provider of specification-grade luminaires for commercial, institutional, hospitality and municipal markets, all of which complements the Company’s current and dynamic lighting portfolio. TLG’s indoor and outdoor lighting fixtures are marketed to architects, landscape architects, interior designers and engineers through five niche lighting brands: a-light, Cyclone, Eureka, Luminaire LED and Luminis. 

TLG generates annual sales of approximately $100 million and employs over 350 associates located across five locations in the U.S. and Canada. Each TLG brand has its own niche focus: a-light designs and markets indoor architectural lighting to enhance contemporary spaces; Cyclone specializes in high-quality outdoor decorative luminaires for the municipal market; Eureka concentrates on indoor and outdoor contemporary decorative lighting; Luminaire LED offers indoor and outdoor vandal-resistant lighting to withstand both environmental and physical abuse; and Luminis designs a wide range of indoor and outdoor specification lighting products for commercial and institutional applications. 

Vernon J. Nagel, Chairman and Chief Executive Officer of Acuity Brands, commented, "We are very pleased to welcome the great team at The Luminaires Group to the Acuity Brands family. The addition of their strong brands to our lighting portfolio reinforces our commitment to bringing superior architectural solutions to our vast customer base. Acuity Brands will bring its connected, smart lighting expertise to the TLG brands through our leading and innovative drivers, controls and networking systems, which when combined with our existing complementary lighting brands, will provide our customers with an extensive catalog of customizable solutions for the specification community for applications of various sizes and complexities requiring innovative approaches, great design and optimum performance.” 

Management expects that the acquisition will be immediately accretive to fiscal 2020 earnings. Terms of the purchase agreement are not disclosed. The acquisition is subject to customary closing conditions. Management anticipates the acquisition will be completed by the end of the month. 

About The Luminaires Group 

Founded in 1987, The Luminaires Group (“TLG)” is a leader in the specification-grade lighting industry. Through its unique niche brands (a-light, Cyclone, Eureka, Luminaire LED and Luminis), TLG provides a wide range of innovative lighting solutions for both interior and exterior use. Each company within TLG has a deep connection to the market segment it serves - designing, developing and manufacturing some of the industry’s most innovative products. 

About Acuity Brands 

Acuity Brands, Inc. (NYSE: AYI) is the North American market leader and one of the world’s leading providers of lighting and building management solutions. With fiscal year 2018 net sales of $3.7 billion, Acuity Brands currently employs approximately 12,000 associates and is headquartered in Atlanta, Georgia with operations throughout North America, and in Europe and Asia. The Company’s products and solutions are sold under various brands, including Lithonia Lighting®, Holophane®, Aculux®, American Electric Lighting®, Antique Street Lamps™, Atrius™, DGLogik™, Distech Controls®, DTL®, eldoLED®, Gotham®, Healthcare Lighting®, Hydrel®, Indy™, IOTA®, Juno®, Lucid®, Mark Architectural Lighting™, nLight®, Peerless®, RELOC® Wiring, ROAM®, Sensor Switch®, Sunoptics® and Winona® Lighting. Visit us at www.acuitybrands.com 

Forward Looking Information 

This release contains forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995. Statements that may be considered forward-looking include statements incorporating terms such as "expects," "believes," "intends," “estimates”, “forecasts,” "anticipates," “will,” “may,” “should”, “suggests,” “remain,” and similar terms that relate to future events, performance, or results of the Company and specifically include statements made in this press release regarding: Acuity Brands will bring its connected, smart lighting expertise to the TLG brands and when combined with the Company’s existing complementary lighting brands will provide customers with an extensive catalog of customizable solutions; expectation that the acquisition will be immediately accretive to fiscal 2020 earnings; and the acquisition is anticipated will be completed by the end of the month. Forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from the historical experience of Acuity Brands and management's present expectations or projections. These risks and uncertainties include, but are not limited to, customer and supplier relationships and prices; competition; ability to realize anticipated benefits from initiatives taken and timing of benefits; market demand; litigation and other contingent liabilities; and economic, political, governmental, and technological factors affecting the Company. Please see the other risk factors more fully described in the Company’s SEC filings including risks discussed in Part I, “Item 1a. Risk Factors” in the Company’s Annual Report on Form 10-K for the year ended August 31, 2018. The discussion of those risks is specifically incorporated herein by reference. Management believes these forward-looking statements are reasonable; however, undue reliance should not be placed on any forward-looking statements, which are based on current expectations. Further, forward-looking statements speak only as of the date they are made, and management undertakes no obligation to update publicly any of them in light of new information or future events. 

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Luminaire LED features single-frequency Amber and single-frequency Red LEDs in many of our Vandal Resistant and High Security Confinement Luminaires.

The Amber LEDs are measured at 593nm, a wavelength of light that will not disrupt the circadian rhythms of individuals while they are sleeping. They are commonly requested as nightlights in areas of confinement and in senior living facilities, and are used in turtle-friendly and wildlife-friendly spaces.

The Red LEDs are measured at 621nm, a wavelength that will not disrupt one’s night vision. They are commonly found on military bases, in senior living facilities, firehouses, and in vivarium-friendly environments.

Luminaire LED can provide single-frequency Amber and Red LEDs as nightlights on independent circuits, or we can populate entire LED boards using these LEDs.

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Apex 13 - Optional Full Cut-Off Lens

The Apex 13 Series is now available with an optional Full Cut-Off lens with lumen packages upwards of 3,000 delivered lumens. This series has been installed successfully in large scale projects such as dorm rooms, schools, unsecured hallways, and in transportation stations. 

The Apex Series is covered by our Lifetime Warranty against vandalism, including paint, chemicals, fire, gunfire, and yellowing of our polycarbonate lenses.   

Additional details about our Full Cut-Off products are available here: 

http://luminairelighting.com/full-cut-off.html

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The Luminaires Group acquires Luminaire Led

— From Edison, NJ, the birthplace of the electric light.

Luminaire Led has been an independent manufacturer of Vandal Resistant and High Security Confinement luminaires for over forty years. We are pleased to announce we have officially joined The Luminaires Group family.  

We will continue to independently operate under the name Luminaire Led and will continue our focus on producing quality fixtures, developing innovative designs, and providing unparalleled customer service. We are very excited to begin this new chapter and appreciate your continued support!

Be sure to view our full press release here:

https://www.newswire.com/news/the-luminaires-group-acquires-luminaire-led-20708893

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              New Path of Egress Luminaire

Luminaire LED proudly introduces our second product in the family of full cut-off, path of egress luminaires, the Blade.  Drawing on over 40 years designing Vandal Resistant lighting, the Blade provides a tough, resilient product in a package that will complement architectural designs.

 The Blade features a clean, angular construction and can be mounted on mullions as narrow as 2½”, and is designed to disappear into the structure when mounted above a door or walkway. Multiple lengths and lumen packages are available as well as Integral battery back up.

 Spec sheets and IES files are online now.

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“From Under the Boardwalk”

January 5, 2018

             Endeavor Update

The Endeavor stairwell luminaire continues to gain momentum and has become popular with both specifiers and distributors due to its performance, rich array of features and attractive price. Most important is when wall mounted, the 50 watt unit will help your specifier to meet both Life Safety Code and local energy codes such as IECC or ASHRAE 90.1. 

If you have not been out with Tommy or I with this exciting new product contact us to set up time. If you have, continue to show it and be sure the sales people from your local supply houses are aware of The Endeavor. 

Compact Fluorescent Lamps Effective immediately we are discontinuing all CFL products. We bid a fond (maybe not so fond) farewell to all PL-S, PL-C and PL-T lamped fixtures. We will no longer accept orders for compact fluorescent products. Contact us if you require assistance in locating equal lumen packages in LED. CFL spec sheets will be removed from the web site this month.

New Downloads Installation sheets are now available for download from our website. They can be found in the “Downloads” section on our home page. IES and Revit files are being update

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“From somewhere in the Pacific Northwest”.

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New Stairwell Luminaire

Luminaire LED proudly introduces our second product in the family of stairwell luminaires, the Endeavor or ESF.  Drawing on our experience with the TSL, the Endeavor gives you a more budget friendly product with a host of additional options.

The Endeavor is a vandal resistant, DLC listed, dedicated stairwell fixture designed to meet the stringent code requirements for means of egress stairwells.  Designed for wall mounting, at 50 watts under normal power it will deliver the lumens required to achieve the 10 fc minimum required by Life Safety 101 (Section: 7.8.1.3) as well as meeting codes for power reduction when the stairwell is unoccupied.  Unoccupied low levels of 10%, 20%, 30% or 50% are field adjustable. Integral battery back up is also available.

The Endeavor uses an integral High Frequency Motion Detector, capable of sensing motion from behind the lens. This feature allows us to offer the ESF as an optional WET location product.

Additional Functions:

Group control as well as multiple sensors per group control is easily accomplished.

Adjustable detection area control.  

Standard time-out function as well as a Stand-by Corridor Function, which can turn the fixture off after a second preset time.

Preset Daylight Function that can easily be adjusted or disabled in the field.

Programmable Ambient Daylight Threshold allows the luminaire to “learn” what daylight levels will not trigger the fixture to full on.

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              New Recessed Confinement

             We are proud to introduce an expansion of our High Security Confinement series, the Super Max Recessed family of products.  The Super Max Recessed Luminaire is available in four different sizes with lumen packages up to 10,387 delivered lumens.  Fixtures are available for either grid or flange ceiling designs. We offer an optional flange kit to convert from grid to flange setup in the field, or the flange can be removed to covert from a flange to a grid fixture if job conditions change.  All sizes are available with 14 or 16 gauge doors in either painted cold rolled steel or brushed stainless steel and lens thickness up to .75 inches.

             The Super Max Recessed specification sheets and photometry are available on our website.  Revit files for the Recessed Confinement fixtures will be available on our website shortly.

Sincerely,

Eddie Chernoff

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Discontinued

December 2, 2016

HID - CFL - DLC

Discontinued – HID

Effective January 3, 2017, Luminaire LED will no longer produce any HID products. At that time all HID spec sheets and links to spec sheets, IES files, and Revit files will be removed from our web site. In January you will receive an updated price book with all HID pages removed.

Discontinued – 42-PLT and 57-PLT Products

Effective immediately we are discontinuing all 42-watt and 57-watt PLT products. The expense and lack of efficiency makes LED not only the better choice, but also a less expensive solution. New, redesigned spec sheets are currently being developed with complete removal of this lamp combination to be uploaded to our website by January. For the immediate future we will continue to produce products with 13, 18 and 26-watt PLC lamps as well as 32 watt PLT lamps.

DLC Listed Products

We now have 43 catalog items that are DLC listed with more on the way. The Stair Lighter (TSL), Anyx (ARV13) and Vertex (CLF) products are now all DLC listed. The Swoop (SWP) 610 and 1212 are in the process of being listed with additional products listed early next year. Please check the DLC Qualified Products List at www.designlights.org/QPL for listed configuration details.

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Our LED products feature proprietary parallel-series circuitry, a built-in auto-compensate design allowing for constant illumination in the event of multiple LED chip failures. Conservative drive current and minimal heat emission allow us to warrant our LED boards for 10 years.

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Product Updates

June 23, 2016

From a tequila bar somewhere in North America

Swoop 1212 LED

     We now have the ability to produce the Swoop 1212 (SWP1212) in both 15 watt and 25 watt with an integral battery and no CAB back box. This reduces the depth of the fixture from 8.3” to 5.05”. Spec sheets online have been updated.

    The SWP1212HO-40W also no longer requires a CAB back box. The HO spec sheet is no longer online and a 40-watt option has been added to the standard SWP1212 spec sheet. Until we issue an updated price sheet continue to use the 40-watt HO pricing. The CAB will not be provided unless requested and priced accordingly.

Amber LEDs      We receive numerous requests for amber LEDs in our products. The amber LEDs we use are a true amber operating at a peak frequency of 593nm. This is within the frequency range accepted by turtle friendly locations, wildlife friendly requirements and observatory restrictions. We have encountered other uses for the amber LEDs including healthcare and nursing homes. These amber LEDs are also the night-light options in our confinement products since they do not disrupt circadian sleep cycles. Recently we had an engineer who chose to use all amber LED fixtures in areas that were prone to graffiti. The lack of color rendering tends to discourage graffiti artists.

We have created a sub-menu on our web site home page linking you to fixtures available all amber or a mix of white and amber. We have many other options for adding amber LEDs.

Contact the factory for your particular requirements. Sincerely, Eddie Chernoff

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TSL Driver Options

May 5,  2016

    The Stair Lighter, unlike many of our competitors, offers 4 different driver control options: M7, SD, O/F & 2B. Because the new codes are requiring a minimum 50% power reduction within 30 minutes of a stairwell becoming unoccupied, many specifiers immediately choose the SD: Step dimming option. This may not be the best choice and is certainly not the least expensive choice.

    M7 - This is by far the least expensive with the most bang for the buck. The sensor we use is a Wattstopper FS-505, which is a low voltage sensor that is attached to a 0-10V power pack. We run the signal from this power pack through proprietary circuitry to give you field adjustable low-end settings of 10%, 20%, 35% or 50% power input and lumen output. Movement always triggers the sensor to full lumen output. No movement reduces power input and lumen output to one of these preset levels. These settings are field adjustable.

    SD – All LED boards dimmed to 50% output. This gives you only a 50% low end and is more expensive than the M7 option since we have to add our SD2 step dim module to our existing dimming driver.

    O/F – All lamps sensored on and off. This is not for use in stairwells unless local codes allow them to be dark when not occupied. The sensor is configured to turn the entire fixture off when no movement is sensed.

    2B - Like the spec sheet states this turns off ½ the fixture when there is no movement. This is a more expensive option than the M7 option because it requires a second driver with the sensor wired to one of the two. No movement turns off one of the drivers. There is an added cost for the second driver. In addition there is one board running at full output and a second board being turned off and on.        The constant-on row will reach its L70 end of life a long time before the sensored row will.

Sincerely, Eddie Chernoff

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Reduced Fixture Footprint

December 11, 2015 From the airport cocktail lounge of Eddie Chernoff We were very excited with the introduction of our high security confinement LED product line, but we’ve noticed a common trend with the specifier. That trend is to think in four foot increments. This is not unusual since all of us thought in terms of 2x4 ceilings, four-foot lamps, etc. Fixture design had to adapt to existing sources. One of our goals when designing the confinement line was to offer smaller fixtures with the comparable delivered lumens of larger traditional fluorescent confinement fixtures. A confinement fixture, whether in a cell, dayroom or mental health facility is a target for the people living there. The smaller the fixture, the smaller the target.  Another consideration is cost. In most LED products the majority of the cost resides in the internal components. In confinement products, especially when using heavier gauge materials, the majority of the cost resides in the shell of the fixture. Smaller fixtures translate to reduced costs both in materials and installation. 

Watts vs. Lumens Another trend we have encountered is people sometimes will use watts as the criteria instead of delivered lumens when crossing from another manufacturer. We have some of the highest efficacies compared to our competitors so it is important to use delivered lumens as your crossover criteria. Example: VPF84-50w - 52 watts, 5,215 delivered lumens, 100.5 lumens/watt Brand K - 50 watts, 4,938 delivered lumens, 99 lumens/watt Brand F - 50 watts, 3,625 delivered lumens, 72.5 lumens/watt Brand N - 52 watts, 3,936 delivered lumens, 75 lumens/watt These can all be considered 50 watt fixtures, but two would not be considered equal in delivered lumens. Watch your crosses.

Sincerely, Eddie Chernoff

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The latest from Luminaire LED introducing the ARV13 with optional nightlight.

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Super  Max Confinement Series

Luminaire LED is pleased to announce our Confinement Series. These new fixtures have been developed to be the most durable, simple to service, and efficient products available for the confinement market. The Super Max Confinement Series has been designed exclusively for LED sources, offering superior efficiency and the longest possible life.

Please see the "Downloads" menu and the "SuperMax Brochure" for additional technical information