Cree acquires Ruud Lighting
Durham, N.C. — Cree has acquired Ruud Lighting, a supplier of LED outdoor lighting, at an estimated net cost of approximately $525 million. The companies’ shared focus on best-in-class LED-based systems has led to thousands of LED lighting installations over the past several years, Cree said.
Ruud Lighting will continue to be based in Racine, Wis., and will operate as a subsidiary as part of Cree’s lighting business.
A&P selects DemandTec for deal management
San Mateo, Calif. — DemandTec said Wednesday that The Great Atlantic & Pacific Tea Co. has selected DemandTec’s Deal Management software service on the network.
DemandTec’s Deal Management will streamline A&P’s deal and allowance management capabilities by converting the current paper-based approach into a collaborative, digital workflow across multiple divisions, formats and store clusters. A&P will capture vendor-submitted deal information in a secure online setting, negotiate and manage each deal, establish control points for data accuracy, and store information for seven years, providing an electronic trail to help support regulatory compliance.
The software service will be integrated with A&P’s existing systems to leverage current automation for coupon, tag, and sign production as well as automated billing and invoice reconciliation.
“Through A&P’s partnership with DemandTec, we expect to not only gain near-term benefits through a more streamlined, collaborative deal management workflow with our suppliers, but to also support a broader end-to-end promotion planning strategy that maps to our existing systems,” said Tom O’Boyle, executive VP merchandising, marketing and supply chain at A&P.
Win-Holt acquires Commercial Stainless Fabricators
Syosset, N.Y. — Win-Holt Equipment Group said Tuesday that it has acquired Commercial Stainless Fabricators located in Marietta, Ga.
The 60,000-sq.-ft. facility will join Win-Holt’s Custom Stainless Steel Fabrication operation and will be supported by existing national manufacturing facilities in Pennsylvania, Texas and California.
According to Win-Holt, the acquisition will expand its current Win-Fab custom stainless program to include hoods, Spectrum Mobile Serving Counters, stationary serving counters, chef units, and Comm-Veyor conveying systems.
“The acquisition will allow us to expand our capabilities and services, expand our product offering and expand into new markets,” said Dominick Scarfogliero, Win-Holt’s President and COO,
Commercial Stainless Fabricators president and founder Jason Womack has been named VP business development of the new company, reporting to Dominick Scarfogliero.