Legrand to Acquire Lastar, C2G
Legrand has signed an agreement to buy Lastar Inc. and its divisions, including C2G, formerly known as Cables 2 Go. Terms were not disclosed.
C2G, based in Moraine, Ohio, rebranded back in 2012 and targets the custom installation industry with its cabling and connectivity products. It joins the fold of other Legrand companies serving the CE pro channel, including Middle Atlantic, Vantage, OnQ and NuVo. Quiktron, based in Albia, Iowa, is a leading manufacturer of copper and fiber optic cable assemblies for the data communications distribution channel.
Consummation of the transaction is subject to the completion of conditions for closing, including the receipt of consents and the expiration or termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, which is anticipated within 30 to 60 days. Until such time, the companies will continue to operate independently.
Legrand recently reorganized its Home Systems Division and shuffled responsibilities of various executives. The company says its acquisition of Lastar and its Quiktron and C2G brands would strengthen its position and capabilities in the data communications and A/V channels while simultaneously providing Legrand access to new customer segments. Given the industry trend toward pre-terminated cable assemblies, Legrand would now offer its customers a broader array of custom and pre-terminated copper and fiber cable assemblies that are designed for flexibility and efficient installation.
“We are focused on providing a more integrated infrastructure solution including cable assemblies, connectivity, cabinets, racks, cable tray, and cable management solutions that will help address our customers’ requirements for next-generation data communications demands,” said John Selldorff, President and CEO, Legrand, North America. “The acquisition of these leading organizations underscores Legrand’s commitment to strategic growth in the data communications and A/V channels.”
The addition of Quiktron to Legrand’s existing data communications product and service capabilities would provide customers a more complete and fully integrated end-to-end solution. Additionally, customers would find increased flexibility in design, installation and support services from one streamlined source. In joining Legrand, C2G would gain access to Legrand’s global resources and capabilities in the acceleration of innovation, expansion of services, and the addition of select data communications and A/V products, over time, that are currently not available in their product catalog.
“Lastar’s customers would undoubtedly benefit from the increased access to a diverse range of products and the complete turnkey suite of solutions that Legrand would offer” says Bill Diederich, president and CEO, Lastar, Inc. “Upon formal completion, the acquisition would create new growth potential for all parties involved as the data communications, A/V and IT landscapes continue to evolve.”,
“Lastar values providing customers an effortless experience, innovation in products and services, and caring for and communicating openly with its associates” says Mike Shane, Lastar chairman and co-founder. “We are happy to find new owners 30 years after founding the company, who share those values and who will give our team the opportunity to take Lastar’s achievements to the next level backed by the strength of a vibrant global company.”
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Jason Knott is Chief Content Officer for Emerald Expositions Connected Brands. Jason has covered low-voltage electronics as an editor since 1990, serving as editor and publisher of Security Sales & Integration. He joined CE Pro in 2000 and serves as Editor-in-Chief of that brand. He served as chairman of the Security Industry Association’s Education Committee from 2000-2004 and sat on the board of that association from 1998-2002. He is also a former board member of the Alarm Industry Research and Educational Foundation. He has been a member of the CEDIA Business Working Group since 2010. Jason graduated from the University of Southern California. Have a suggestion or a topic you want to read more about? Email Jason at email@example.com
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