Kichler & Progress Lighting to be Under Kingswood Capital Management Control – What Does It Mean for the Residential Lighting Sector?
When news broke this morning that Livonia, Mich.-based Masco Corp. sold off Cleveland-based Kichler – widely regarded to be one of the largest decorative residential lighting manufacturers in the U.S. that it acquired with great fanfare in 2018 – there wasn’t a lot of shock in the industry at the announcement…until the revelation that the…