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Ring Lighting and Trident merger

Published: 18 September 2009
Two major domestic lighting distributors join forces to create the £35m-strong Associated Lighting Group.
Ring Lighting and Trident merger
Leeds-based Ring Lighting and Manchester-based Trident have today merged to create the Associated Lighting Group (ALG) - forming a group with a turnover in excess of £35m and becoming the 2nd largest player within the market.

Former Trident executive chairman, David Gutfreund will take up the role of ALG chief executive. He explained the reason behind the move: "The merger of Ring Lighting and Trident allows the combined group to emerge extremely strong, and places us in an excellent position to take full advantage of the recovery.

"[It] represents a major consolidation within the industry, and we will be aiming to strengthen ALG's position over the short term as we look to acquire smaller competitors and increase our market share. Moreover, this move has substantially reduced Ring Lighting's debt."

Both Ring Lighting and Trident are major suppliers to DIY, grocery and high street retailers, supplying leading chains including B&Q, Argos, Focus DIY, Pagazzi Lighting, Homebase, Tesco, Asda, Wilkinson and Next.

According to the company, current trading relationships will remain unaffected by the creation of ALG, with both Ring Lighting and Trident still managed as two separate entities with their own client base, overseen by teams of senior personnel.

The newly formed ALG board will comprise of five main board directors. Chaired by Nicholas Jeffrey, it will include David Gutfreund as chief executive, Bruce Davidson, md of Ring Lighting, Brom Dixon, md of Trident and David Green as group finance director.

Mr Gutfreund commented: "As a senior management team, we are very well placed to hit the ground running with ALG - between us we have many years of corporate experience within lighting and other commercial sectors."

Comments

Published prior to March 2014
By chris
there was a great team then cal mike etc sorry to here the news gl all
Published prior to March 2014
By jim
closed down on last legs
Published prior to March 2014
By Harry
019506 when one door closes another opens .Interested employees with design,sourcing, major accounts knowledge should contact leading Northern company with webb site
Published prior to March 2014
By Redundant Ex Employee
Knowing what I know I can only guess the future is very, very bleak, but miracles do happen. In the lighting industry rumour mill Ring have been closing down for many years, but the endeavour of the staff saw trading continue, maybe the fat lady has made the first chorus but may not make the encore.

As for people getting paid the Government have been left with that bill.
Published prior to March 2014
By gary
what a shame that these companys are in trouble.but what about those who work for them.
will they get paid?
Published prior to March 2014
By Bruce
It is a shame that within a few months of these two great companies merging they are having serious financial issues
Published prior to March 2014
By Mark Burdon
David, as your early days mentor in ICI , i wish you every success and pleased to see that you have not changed . Perhaps you have better cars now than the Alfa . best regards .

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