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Lumileds Completes Sale of Lamps and Accessories Business to First Brands Group

Lumileds, LLC, one of the world’s leading LED manufacturers and solution providers for the global automotive, illumination, display, and flash markets announces that last month, it completed the sale of its Lamps and Accessories business to First Brands Group, LLC (“First Brands”), a global…

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Lumileds Completes Sale of Lamps and Accessories Business to First Brands Group

“The completion of this transaction strengthens Lumileds and enables the company to focus on our core LED business,” said Steve Barlow, CEO. “Lumileds is committed to continued collaboration with our customers to solve market needs, and to producing innovative LED solutions that drive growth, improve profitability, and generate value for Lumileds, our customers, and stakeholders alike.

Citi acted as financial advisor and DLA Piper acted as legal advisor to Lumileds.

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Inteplast Group acquires family-owned ALP Lighting Components

Inteplast Group, a US plastics and paper manufacturer with more than 10,000 employees, acquired ALP Lighting Components on November 1, 2026. ALP, family-owned since its founding in 1972, makes optics, reflectors, louvers and other parts for light fixtures and has nearly 230 employees at four sites in the US and Mexico. President Adam Mayse stays on and expects capacity and product range to grow.

Organizations

Cree LED to be sold to private equity firm Transom Capital Group

Penguin Solutions has agreed to sell its LED business Cree LED to Transom Capital Group, a US private equity firm, in an all-cash deal. The price was not disclosed. Closing is expected in the first quarter of 2027. Cree LED, which stands for about 10% of Penguin’s projected fiscal 2027 net sales, will then run as a standalone LED company, while Penguin focuses on AI data center infrastructure.

Organizations

PLUTA provisional administrator seeks investor for LED specialist lichtline

PLUTA Rechtsanwalt Peter Roeger has been appointed provisional insolvency administrator for lichtline GmbH after the company filed for insolvency due to liquidity problems from declining sales. The business continues to operate with 27 employees whose wages are covered by insolvency pay for three months, and efforts are underway to secure advance financing. Roeger and colleague Maximilian Wanko are assessing options to continue operations and restructure, while preparing to seek an investor or buyer to take over and run the business long-term. Company management says it remains committed to finding a solution.

Organizations

DigiKey to invest $100M in PDC and order management expansion

DigiKey will invest $100 million over the next 18 months to expand its global Product Distribution Center (PDC) in Thief River Falls, Minnesota, and to upgrade its Order Management System (OMS). The capital will fund additional high-volume picking capacity, automated multi-line packaging systems, and improvements to order-fulfillment and packaging workflows to support the company’s same-day shipping model amid rapid growth. DigiKey expects to support continued double-digit growth after a year of exceptional performance and aims to build capacity ahead of demand by using scalable infrastructure and automation to maintain fast shipping for its global customer base.

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