Ascot Capital Group acquires Beghelli Canada
April 30, 2019 By Peter Saunders
April 30, 2019 – Ascot Capital Group, the parent company of Standard Products, Stanpro Lighting Systems, AimLite and LumenTruss, has acquired Beghelli Canada from its Italian parent company.
Located in Markham, Ont., Beghelli Canada manufactures architectural, emergency and industrial lighting products. While Ascot has attained 100% ownership, the business will continue to operate as a separate, stand-alone entity within the group, led by current general manager (GM) Bruno R. Ardito.
In fact, while its corporate name will soon be changed to Beluce Canada, the business will continue to market products under the Beghelli brand through an exclusive agreement, collaborate with the former parent company in Italy to source and develop new products and supply manufactured items to its counterparts in the U.S. and Mexico.
The transaction was recently closed and takes immediate effect.
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