Croswell, Michigan, April 24th, 2019 — HazLoc Industries, LLC., a provider of Harsh and Hazardous Lighting solutions, and Paramount Industries Inc., a U.S. based High Performance and Harsh Environment lighting solutions company, today announced the execution of a purchase agreement in which Hazloc., a wholly-owned subsidiary of BLG Inc., acquired Paramount Industries Inc. The transaction was completed on April 5th, 2019.
HazLoc’s President, Mr. Glenn Garbowicz, indicated that the acquisition provides an immediate platform to launch several new product families currently in development for Class 1, Div. 1 and Class 1, Div.2 Hazardous applications alongside the existing Paramount line. Mr. Garbowicz remarked “We are extremely excited about building a brand with a 70-year history of continuous innovation, unmatched durability and outstanding customer service. We will be focusing on new sales, marketing and product development initiatives, as well as leveraging the combined capabilities of BLG Inc. companies to deliver substantial advantages to all of our customers and channel partners.”
Paramount’s existing facility in Croswell, MI continues to produce the brands legendary and highly reputable products, and the current management and employees remain in place.
Paramount has, for over seven decades, been an innovator in the lighting industry. They were the first to design and manufacture industrial lighting luminaires to be installed in the floors and assembly line pits of the automotive plants. They created the first parabolic louvered luminaires in 1958 and were the first manufacturer to address the problems of veiling reflections in radar screens with a luminaire designed for FAA Control Centers in 1959.
Energy efficiency has always been a Paramount priority. Electronic ballasts were standard in their fluorescent luminaires 10 years before it became required by law and they introduced one of the first industrial T5 troffers in North America. With the lighting world transitioning to solid state technology, Paramount committed to developing LED products worthy of carrying the brands storied name. The result was the unique Starduster® LED series that are unmatched in the market. Paramount’s products have changed with the needs of the industry and the commitment to quality is as durable as their luminaires.
For more information about Paramount, please visit www.paramountlighting.com
About HazLoc Industries
HazLoc Industres LLC is a wholly owned subsidiary of the Bukas Lighting Group (BLG). BLG owns several highly regarded brands in the Architectural Indoor and Outdoor arena, including FC Lighting and Solid State Luminaires (SSL). HazLoc has an executive team possessing over 150 years of lighting experience with a deep understanding of the Harsh and Hazardous Lighting market.
HazLoc Industries / Paramount Lighting
Glenn Garbowicz – President