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    1. Green Market

    GE increases stake in Advanced Lighting

    April 1, 2003
    General Electric Co. (GE), Fairfield, Conn., agreed to buy a $20.55 million stake in Advanced Lighting Technologies, Inc., Cleveland, Ohio. The purchase,

    General Electric Co. (GE), Fairfield, Conn., agreed to buy a $20.55 million stake in Advanced Lighting Technologies, Inc., Cleveland, Ohio. The purchase, combined with a stake GE bought when Advanced Lighting went public in December 1995, gives GE 19% ownership of the company.

    Advanced Lighting's relationship with GE Lighting dates back to 1983 when Hellman left GE to start Advanced Lighting. GE provided Hellman with his first five-year contract to supply key materials in metal-halide lamps. GE has continued over the years to be an important supplier and customer of Advanced Lighting.

    About the Author

    Doug Chandler | Senior Staff Writer

    Doug has been reporting and writing on the electrical industry for Electrical Wholesaling and Electrical Marketing since 1992 and still finds the industry’s evolution and the characters who inhabit its companies endlessly fascinating. That was true even before e-commerce, LED lighting and distributed generation began to disrupt so many of the electrical industry’s traditional practices.

    Doug earned a BA in English Literature from the University of Kansas after spending a few years in KU’s William Allen White School of Journalism, then deciding he absolutely did not want to be a journalist. In the company of his wife, two kids, two dogs and two cats, he spends a lot of time in the garden and the kitchen – growing food, cooking, brewing beer – and helping to run the family coffee shop.

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