Cree acquires LED fixture player Ruud Lighting for $525 million, aiming for vertical integration and access to outdoor LED lighting

On August 17th, leading LED chip and accessories manufacturer Cree announced its acquisition of LED fixture manufacturer Ruud Lighting for $525 million. Ruud Lighting is a private company located in Racine, Wisconsin. It employs 750 people and based on the Cree disclosure to shareholders, we estimat...

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