Louisville Ladder acquires Lite Products, Inc.

LOUISVILLE, Ky., July 2, 2014 /CNW/ - Louisville Ladder announced today that it has acquired 100% of the assets of Lite Products, Inc., a unit of Supplierpipeline. This acquisition wraps up the Strategic Alliance formed between the companies at the end of 2013.

Lite Products, located in Mississauga, ON, has been a leading manufacturer and marketer of climbing products in Canada with strong brand recognition in the consumer channel. The Lite Products operations will boost Louisville's resources in Canada and will compound benefits for both their customers.

Customers will benefit from a strong portfolio of Products and Brands targeting specific needs and segments. Louisville, a widely renowned brand in the Professional Channel, is a leading innovator of Climbing Products promoting Safety and Productivity for all ladder users.

Full incorporation of both companies will materialize over a period of three months, during which we will continuously communicate with Customers, Suppliers and Employees, as needed, to facilitate a smooth transition.

Louisville and Lite employees are excited and looking forward to the possibilities this operation will generate and sure that it will certainly yield advantages for the Canadian Ladder Market and for our loyal Customers.

About Louisville Ladder, Inc:

Louisville Ladder, headquartered in Louisville, KY., is one of the largest manufacturers and distributors of climbing equipment in the world for residential and professional applications. For more than 66 years, Louisville Ladder has pioneered industry shaping innovations such as its patented QuickLatch™ rung-lock system, ProTop™ work tray and SHOX™ impact absorption system. With forward-thinking design and state-of-the-art manufacturing processes, Louisville Ladder is committed to delivering innovative, professional grade climbing products that meet and exceed the demands of modern-day jobsites. Learn more at www.louisvilleladder.com.

About Lite Products, Inc.:

Located in Mississauga, Ontario since 1964. Lite® ladders have been built to last...Engineered for safety, dependability, and convenience, the Lite® brand encompasses the full range of quality aluminum, fiberglass, and wood products. Lite® provides professionals and homeowners with both the widest choice of products and the safest climbing experience possible. Lite® products and accessories are shipped worldwide: Canada, USA, Africa, South America, BVI, Russia, Australia, Thailand, and Dubai.

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SOURCE Louisville Ladder, Inc

For further information:

Louisville Ladder: Santiago Veytia, (502) 635-9305; Lite Ladder: Sharaz Shaikh, (905) 670-7230 x22

http://www.louisvilleladder.com

http://photos.prnewswire.com/prnh/20140702/124033