Lux Products Corporation announced today the completion of a transaction pursuant to which it was acquired by Edwin McAuley Electronics (EME). Lux Products is a leading North American vendor of thermostats, timers and range parts in both the retail and wholesale markets where it operates under the Lux and LuxPro brands. EME is an Original Design Manufacturer based in Hong Kong and has been a major supplier to Lux Products for more than 20 years.
Edwin McAuley, Chairman of EME, said today: “Given the strength of the Lux brand and the reputation for customer service, the opportunity to acquire Lux Products represents a wonderful growth opportunity for both EME and Lux. EME will continue to use its expertise in thermostat design and manufacture to supply Lux with high quality products and develop new and innovative products for the US. The combined skills of EME and Lux will allow both companies to address the exciting technological opportunities in the home automation market and deliver energy saving products to its customers across America.”
Paul Balon will remain CEO and Lux Products will continue to operate as an independent vendor headquartered in Mount Laurel, New Jersey.
About Lux Products
Since 1914, Lux Products Corporation has manufactured quality products for the home. It all began with turn of the century timing devices, the forerunners of the now world famous Lux 60 Minute Timers. Building on the success of this simple but highly utilitarian item, Lux grew into the multi-faceted manufacturer and merchandiser we are today. The Lux name has always stood for innovation, quality, and value.
Today Lux Products sells a complete range of Thermostats, Timers and Range Replacement parts. It is headquartered in Mount Laurel, New Jersey with nationwide distribution from its Laredo, Texas distribution center. http://www.luxproducts.com
About Edwin McAuley Electronics
Edwin McAuley Electronics is a Hong Kong based electronics original design manufacturer (ODM) founded in 1978. EME’s core competency is in the integrated process of design, development, and manufacture of high-quality innovative electronic products for the consumer and installation markets. EME’s expertise in these areas has allowed it to develop and manufacture industry leading thermostats and switching controls with advanced user interfaces and networked connectivity for over 25 years.
Today EME is a privately funded, family owned company headquartered in North Point, Hong Kong with a modern electronics manufacturing facility in Dongguan, China. Products design and manufactured by EME are sold all over the World. http://www.emehk.com.hk