Principal Industries, a leading provider of electrical components and services to the commercial sign industry, announces the acquisition of HanleyLED, a Grimco exclusive brand of premium LEDs for signs and displays. This acquisition strengthens and diversifies Principal Industries’ commercial sign and display product portfolio while enabling more choices and greater flexibility for customers.
Simultaneously, Principal Industries and Grimco have entered into a distribution agreement encompassing all five Principal Industries brands of sign supply products.
“This agreement with Grimco provides customers greater access to Principal Industries’ LED signage and architectural solutions, industry-leading layout software tools, and services through Grimco’s network of sixty-five-plus branches across North America,” said Todd Fiske, CEO of Principal Industries.
Keith Pittillo, CEO of Grimco, said, “We are very excited about this acquisition and partnership with Principal Industries. As a full distributor of the Principal Industries product line, Grimco will be able to provide an even better experience for our customer base with a more robust offering of electrical products and services.
“We believe the HanleyLED brand is now in great hands to continue its growth and expansion in the industry.”
This acquisition continues to expand Principal Industries’ product offering and accessibility, further advancing the company’s mission to simplify the lives of its customers.
—Press Release
