Making its first acquisition in indirect fluorescent lighting, Cooper Industries, Inc., Houston, Texas, purchased the assets of Brooklyn, N.Y.-based Neo-Ray Products, Inc. Terms were not disclosed.
Neo-Ray manufactures direct/indirect fluorescent lighting products. The business, which employs 130 people and had 1998 revenues of $22 million, will become part of Cooper Lighting and will place the company among the leaders in indirect lighting, says John Riley, president, chairman and chief executive officer for Cooper Industries.