Acuity Brands has reached an agreement to acquire the Arize® family of horticulture lighting products from Current Lighting Solutions. By adding the high-powered, greenhouse focused Arize luminaires to our Verjure™ horticulture lighting portfolio, ABL will be positioned to greatly expand our product offering to the fast-growing controlled environment agriculture market, while taking advantage of our lighting and controls expertise to help growers increase productivity while decreasing energy consumption.
As part of this planned acquisition, we also reached an agreement with Hort Americas, LLC for it to remain as the exclusive distributor of these horticulture lighting products throughout the U.S., Canada, and Mexico. Founded in 2009, Hort Americas works closely with qualified manufacturers to bring to market quality, technically advanced and cost-effective products for use in commercial greenhouses, vertical farms, and controlled environment agriculture applications.
The transaction with Current Lighting is expected to close by the end of January 2024 with the Hort Americas agreement to immediately follow.