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Tagged: Lighting

Business & Economy
5:30 pm
Thu August 18, 2011

Cree Acquires LED-Making Competitor

Credit cree.com
Cree's LED streetlights on Franklin St. in Chapel Hill
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Durham-based LED light maker Cree is acquiring one of its competitors. The company announced it's buying Wisconsin-based Ruud Lighting for around $525 million. Commercial industries have been moving towards L-E-D lighting because it uses less energy and is less costly to maintain. Cree spokeswoman Michelle Murray says Ruud's experience selling outdoor lighting will complement Cree's lineup of indoor lighting fixtures.

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