SAN ANGELO, TX – Principal Industries, the leading provider of electrical components and services to the commercial LED sign industry, recently announced the acquisition of Sloan LED, a California-based specialist in highly engineered LED solutions to the signage, retail, hospitality, and petroleum markets.
This acquisition strengthened and diversified Principal’s product portfolio in new and existing end markets while expanding its footprint in and outside North America.
“I look forward to combining the strengths of two market leaders and providing our customers with the best and most innovative product solutions, services, and support, across all of our business segments round the world,”said Steve Shotwell, President & COO of SloanLED.
Principal Sloan has begun the process of expanding their San Angelo operations into a facility located at 3669 Porter Henderson Drive, in the Chaparral Commercial Center.
“The Vincent brothers and I are beyond excited to welcome SloanLED into the Principal family. Bringing together the two most highly regarded LED brands in the industry gives us access to a vast array of capabilities,” stated Principal Industries CEO, Todd Fiske. “This will accelerate our development of innovative and useful solutions while striving to simplify the lives of our customers.”
The San Angelo Chamber of Commerce Economic Development team of Mike Berry and Michael Looney worked with Principal Sloan’s Francis Jelensberger and Conor Owen to find and secure the 25,000 square foot expansion facility. Due to the recent acquisition, the existing Principal Sloan facility at 3490 Venture Drive was not able to accommodate their rapid growth. The new facility will accommodate the operation’s engineering and research functions.
“The Chamber EDD team was pleased to work with Principal Sloan to secure vital facility space as near as possible to their current San Angelo Industrial Park operations headquarters. Francis and Conor were great to work with and we strive to help our San Angelo area manufacturing operations succeed.”
Michael Looney, VP of Economic Development, San Angelo Chamber of Commerce. This expansion will allow the Principal Sloan LED San Angelo site to increase output capacity by 15% with new equipment and increased headcount of 15 newly created career positions, and new in-house production eliminating their need to purchase finished components from the European and Asia-Pacific regions.