Standard and Stanpro to Merge in 2019
January 30, 2019
Standard and Stanpro have announced a planned merger that will take effect later this year. The new company will be known as Standard-Stanpro Inc.
Strategically this merger will apply both companies’ strengths and synergies to increasing the combined entity’s value proposition, and to investing and growing at an accelerated pace.
Some of the key benefits and features are as follows:
- The combined business will be one of the largest lighting companies in Canada, employing close to 400 people
- It will be 100% Canadian owned and managed
- It will have design, engineering and manufacturing capabilities in Canada
- It will have core strengths in construction projects, retrofit, and national accounts
- It will have extensive business development capabilities at specification, contractor, and end-user levels to create demand for its products and to support its distributor network
Its product line will include the following major categories:
- industrial lighting
- commercial lighting
- architectural lighting
- decorative lighting for commercial and residential applications
- emergency lighting
- explosion proof and harsh location lighting
- accent lighting (tapes, strings, pucks, undercabinet, etc.)
- temporary lighting
- lamps
- ballasts
- drivers
The new company plans to “go live” as a combined business in the fourth quarter of this year, once Standard and Stanpro have migrated to a uniform platform on SAP. Between now and go-live, they will combine parts of the businesses that make sense while leaving other parts as is. For example, customers will continue to call the same inside sales people, place purchase orders, and receive orders for Standard separate from Stanpro. However, Standard and Stanpro reps will be able to offer both Standard and Stanpro products for stock as well as for project and retrofit opportunities.
At “go live” in the fourth quarter, the combined company name will change to Standard-Stanpro Inc. and all services and support will be integrated.
Standard’s David Nathaniel will be the CEO of the combined business while Stanpro’s Sam Rimoin will be President, and Stanpro’s Rob Nadler will be Executive Vice-President.
