Luminance acquires Emerson Air Comfort Products
Luminance Brands announced that it has acquired Emerson Air Comfort Products from Emerson. The acquired product lines from Emerson will enable Luminance Brands to expand its product offering in the global ceiling fan market. This acquisition will bolster the current Concord Fan division and will enable the company to address a broader segment of the rapidly growing ceiling fan market. Additionally, Luminance Brands plans to incorporate several of Air Comfort Product's upcoming smart fan product lines into its BryteHome division. Luminance Brands intends to open a sales and design center in the St. Louis area to accommodate the Emerson employees transitioning to Luminance Brands. Terms of the transaction were not disclosed.