Acuity Brands to Seek Acquisitions
March 31, 2021 at 10:00 am
Acuity Brands, Inc. (NYSE:AYI) will seek acquisitions. Neil Ashe Chairman, President and Chief Executive Officer said, “the company is in a position to process, and how can we focus on how to continue to grow the company through acquisitions. That will flow into 2 big camps. The first would be bolt-on acquisitions to our existing businesses. So we have a healthy pipeline now of opportunities that are relatively small, but we -- which we feel like we can do in the foreseeable future around our existing businesses. And then we'll start to turn our attention, and it's very early and we don't have a lot to share on this, on what other areas we would invest in post that".