Durham-based LED light maker Cree is acquiring one of its competitors. The company announced it's buying Wisconsin-based Ruud Lighting for around $525 million. Commercial industries have been moving towards L-E-D lighting because it uses less energy and is less costly to maintain.

Excerpt from:
Cree Acquires LED-Making Competitor — North Carolina Public Radio WUNC

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August 18, 2011 at 8:32 pm by Mr HomeBuilder
Category: Indoor Lighting