M&A Deal Summary

Ideal Industries Acquires Cree - Lighting Products Business Unit

On May 15, 2019, Ideal Industries acquired electrical equipment company Cree - Lighting Products Business Unit from Wolfspeed

Acquisition Highlights
  • This is Ideal Industries’ 1st transaction in the Electrical Equipment sector.
  • This is Ideal Industries’ 3rd transaction in the United States.
  • This is Ideal Industries’ 1st transaction in North Carolina.

M&A Deal Summary
Date 2019-05-15
Target Cree - Lighting Products Business Unit
Sector Electrical Equipment
Buyer(s) Ideal Industries
Sellers(s) Wolfspeed
Deal Type Divestiture

Target

Cree - Lighting Products Business Unit

Durham, North Carolina, United States
Cree, Inc. - Lighting Products Business Unit includes the LED lighting fixtures, lamps, and intelligent lighting control solutions business for commercial, industrial and consumer applications.

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Buyer(S) 1

Buyer

Ideal Industries

Sycamore, Illinois, United States
Category Company
Founded 1916
Sector Manufacturing
DESCRIPTION

Ideal Industries is a global supplier of connectors, testers, tools and supplies.

DEAL STATS #
Overall 4 of 4
Sector (Electrical Equipment) 1 of 1
Type (Divestiture) 2 of 2
State (North Carolina) 1 of 1
Country (United States) 3 of 3
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-04 CMD

Rotherham, United Kingdom

CMD is a designer and manufacturer of workplace products ranging from underfloor power track and power hub power distributions systems, floor boxes, workstation power, and AV/data modules to monitor arms, CPU supports, and cable management solutions that are designed to be quick and easy to install and adaptable for contractor, client, and end-user. CMD was formed in 1984 and is based in Rotherham, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-06 Casella

Kempston, United Kingdom

Casella is a designer and manufacturer of innovative instruments and systems for occupational health, industrial hygiene, the outdoor environment, and the workplace. Products include real-time dust monitors, personal sampling pumps, sound level meters, vibration monitors, and outdoor boundary monitoring systems. Casella was formed in 1799 and is based in Kempston, United Kingdom.

Sell -

Seller(S) 1

SELLER

Wolfspeed

Durham, North Carolina, United States
Category Company
Founded 1987
Sector Semiconductors
Employees4,802
Revenue 922M USD (2023)
DESCRIPTION
Entrance to Cree's corporate campus in Durham, North Carolina.
Entrance to Cree's corporate campus in Durham, North Carolina.

Wolfspeed is a provider of energy-efficient, mercury-free LED lighting. Wolfspeed markets lighting-class LEDs, LED lighting, and semiconductor products for power and radio frequency (RF) applications. Wolfspeed was formed in 1987 and is based in Durham, North Carolina.

DEAL STATS #
Overall 1 of 3
Sector (Electrical Equipment) 1 of 2
Type (Divestiture) 1 of 3
State (North Carolina) 1 of 3
Country (United States) 1 of 3
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-03-06 Infineon Technologies AG - Radio Frequency Power Business

Neubiberg, Germany

Infineon Technologies AG - Radio Frequency (RF) Power Business focus is on RF discrete Transistors and MMICs for Power Amplifiers (RF PAs) for wireless infrastructure using LDMOS and GaN-on SiC technologies.

Buy €345M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-19 Cree - LED Products Business Unit

Durham, North Carolina, United States

Cree LED comprises a broad portfolio of highly efficient LED chips and high-performance LED components. The company has a track record of delivering best-in-class solutions through well-established distribution and sales channels.

Sell $300M
Mergr

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