CONFIRMED: Universal Sold to Atar Capital

updated, 17 MAR 2021, 8:25 a.m.  EdisonReport has learned that Atar Capital is the company that has acquired Universal Lighting Technologies. EdisonReport can further confirm that Executive VP of Sales and Marketing, Joe Damiani has left the company.

EXCLUSIVE:  MUST CREDIT EDISONREPORT.   EdisonReport can confirm that Universal Lighting Technologies has been sold to a private equity company in California.    We have learned from a source within Universal that the private equity firm was interested in both the Universal business and the Douglas Control business.

Look for a public announcement from Panasonic and Universal on Wednesday morning.