First Brands Group completed the acquisition of the lamps and accessories business from Lumileds for $238m.

First Brands Group, an automotive parts manufacturer, completed the acquisition of the lamps and accessories business from Lumileds, a LED manufacturer and solution provider, for $238m. “The completion of this transaction strengthens Lumileds and enables the company to focus on our core LED business. Lumileds is committed to continued collaboration with our customers to solve market needs, and to producing innovative LED solutions that drive growth, improve profitability, and generate value for Lumileds, our customers, and stakeholders alike,” Steve Barlow, Lumileds CEO.