Legrand North America, a subsidiary of Legrand, the global specialist in electrical and digital building infrastructures, has surpassed $1 billion of sales in the North American market in 2013.
Legrand attributes this organic growth to new products, innovation, and R&D initiatives; and strategic acquisitions that complemented or broadened the company’s reach into the marketplace.
With a portfolio of brands that include Cablofil, Electrorack, Middle Atlantic, NuVo, On-Q, Ortronics, Pass & Seymour, Vantage, WattStopper and Wiremold, Legrand North America has taken a ‘measured approached in its acquisition strategy,’ the company says, as well as product development across a variety of channels related to the electrical, power, light and data markets.
“Legrand is a company committed to innovation, and that core value has led to this remarkable milestone,” Selldorff said. “The commitment to redefining products exemplified by all Legrand’s employees has made its achievement attainable and continues to propel the company forward. Furthermore, this achievement could have never been reached without our loyal customer base and network of vendors, who have supported Legrand product lines in the North American market.”
Selldorff noted other significant market factors that enabled Legrand to enlarge its product offering and customer base, keeping all business units profitable:
* The emergence of High Performance Building initiatives, standards and solutions to reduce energy usage
* The expansion of data communication centers to meet the needs of today’s communication and technology applications
* The evolution of home automation
* And, the continuously expanding DIY market
17 percent of Legrand’s global sales come from North America, where revenue increased 4.7 percent in 2013 at constant scope of consolidation and exchange rates.
The global sales results and the billion-dollar milestone for Legrand North America is followed by the recent announcement that Legrand intends to acquire Lastar, Inc., including its Quiktron and C2G divisions.