Legrand announced that it has surpassed $1 billion of sales in the North American market for 2013. The specialist in electrical and digital building infrastructures attributes this achievement to its impressive market growth in the region over the past 10 years, including organic growth from new products, successful innovation and R&D initiatives, and strategic acquisitions that complemented or broadened the company’s market reach.
“Legrand is a company committed to innovation, and that core value has led to this remarkable milestone,” said John Selldorff, Legrand, North America's president and CEO. “The commitment to re-defining products exemplified by all Legrand’s employees has made its achievement attainable and continues to propel the company forward. Furthermore, this achievement could have never been reached without our loyal customer base and network of vendors, who have supported Legrand product lines in the North American market.”
The company reported that 17% of its global sales came from North America, where revenue increased 4.7 percent in 2013. Selldorff noted several significant market factors that enabled Legrand to enlarge its product offering and customer base, thus "keeping all business units profitable."
According to the Legrand CEO, these factors included: the emergence of high-performance building initiatives, standards and solutions to reduce energy usage; the expansion of data centers; the evolution of home automation technology; and a continuously expanding DIY market.
Citing the company's diverse portfolio of brands (including Cablofil, Electrorack, Middle Atlantic, NuVo, On-Q, Ortronics, Pass & Seymour, Vantage, WattStopper and Wiremold), Selldorff emphasized how Legrand North America has taken a measured approach in its acquisition strategy, as well as product development, across a variety of channels related to the electrical, power, light and data markets. Selldorff added that Legrand has "successfully maintained innovation in its core product categories to meet the evolving needs of its three-tier customer base of distributors, installers and end-users."
The global sales results and the billion-dollar milestone announcement follows on the heels of the recent news that Legrand has acquired Lastar, Inc., which includes Quiktron, a manufacturer of copper and fiber-optic cable assemblies for the data communications distribution channel, and C2G, a recognized leader of cabling and connectivity products for the A/V and IT industries.