Velux Acquires Thermo-Vu
Velux, Greenwood, S.C., announced the signing of an agreement to acquire the assets of Thermo-Vu Sunlite Industries Inc., a leading regional manufacturer of residential and commercial skylights. The purchase includes the assets, trade names, patents, inventory and manufacturing operations in Holtsville, N.Y.
Tim Miller, Velux America's president, points out that Velux, a residential daylighting systems manufacturer, now offers a greatly expanded product selection for schools, offices, and medical facilities, as well as for commercial and industrial buildings. "The Thermo-Vu acquisition combined with the Sun Tunnel acquisition in 2002 and our own growing product line positions Velux as an even stronger provider of dayllighting systems to the total market," says Miller.
According to Miller, dealers currently purchasing Thermo-Vu skylights will have access to the full range of Velux products. In January 2005, the Thermo-Vu distribution center in Long Island, N.Y., will be integrated into the Velux distribution network creating a sixth U.S. distribution center for the company.