HazLoc Industries, LLC, a wholly owned subsidiary of BLG Inc., a supplier of harsh and hazardous environmental lighting solutions, and Paramount Industries Inc., a U.S. company providing high performance and harsh environmental lighting solutions, have announced the execution of the purchase agreement, foreign media reported.
The former acquired the latter, and the deal was completed on April 5, 2019.
HazLoc President Glenn Garbowicz said the acquisition provides a direct platform to launch several new product lines currently under development, including Class 1, Div. 1 and Class 1, Div.2, alongside the existing Paramount product line.
Garbowicz commented: "we are delighted to have built a 70-year-old brand.
"" we will focus on new sales, marketing and product development initiatives and leverage BLG Inc. 's combined capabilities to provide a tremendous advantage to all of our customers and channel partners." "
Paramount's existing plant in crosswell, mich., will continue to produce products, and the current management and employees remain in place.