VELUX America acquires Wasco Products Inc
Acquisition strengthens the VELUX presence in commercial daylighting
VELUX America LLC, the U.S sales company if the VELUX Group, has acquired Wasco Products Inc., once of America's oldest and largest skylight manufacturers.
Wasco Products Inc, known as Wasco Skylights, has manufacturing facilities in Wells, Maine and Reno, Nevada and a network of independent sales representatives throughout the Unites States. VELUX has manufacturing facilities in Greenwood, S.C. and a sales office in Fort Mill, S.C.
Wasco's broad product offering for the commercial market, manufacturing facilities, and strong nationwide sales network will provide synergies and opportunities for VELUX in the U.S, which has a strategy to strengthen its presence in the commercial market.
Wasco's residential and particularly its commercial business fit will with VELUX and our growth strategy in the United States. VELUX is, already, a dominant player in the residential market for skylights and Wasco has a very strong presence in the market for customised commercial skylights where we see great opportunities to combine our VELUX Modular Skylight and Dynamic Dom products with Wasco's full commercial product range and vast U.S sales reach.
About Wasco Products Inc.Founded in 1935, Wasco has a heritage of innovation, bringing new products to market in anticipation of changing energy requirements and design needs. The company’s diverse commercial product line includes fully customisable metal-framed skylight systems, energy efficient Lumira® Aerogel insulated acrylic dome skylights, barrel vault skylights and multi-layer polycarbonate panel skylight solutions.
About the VELUX GroupFor more than 75 years, the VELUX Group has created better living environments for people around the world; making the most of daylight and fresh air through the roof. Our product programme includes roof windows and modular skylights, decorative blinds, sun screening products and roller shutters, as well as installation and smart home solutions. These products help to ensure a healthy and sustainable indoor climate, where people work, learn, live or play. We work globally – with sales and manufacturing operations in more than 40 countries and around 10,200 employees worldwide. The VELUX Group is owned by VKR Holding A/S, a limited company wholly owned by non-profit, charitable foundations (THE VELUX FOUNDATIONS) and family. In 2017, VKR Holding had total revenue of EUR 2.5 billion, and THE VELUX FOUNDATIONS donated EUR 168 million in charitable grants. For more, information, visit www.velux.com.
For more information about VELUX America, visit www.veluxusa.com.
For more information about Wasco Products Inc, visit www.wascoskylights.com.
Contact: Jens BekkeDirector Global Media RelationsThe VELUX Group+45 21 55 07 firstname.lastname@example.org