Vision Global Media Group Inc. has entered into an agreement to sell its Vision LED lighting business to First Base Inc. The transaction is expected to close on January 31, 2017, subject to due diligence.
“I am looking forward to working with the management team at First Base to facilitate a seamless transition and to ensure a continued high level of service for our customers. I am also very pleased to continue working with First Base in an advisory role for the next few years,” said Debra Tieleman, president, Vision Global Media Group Inc.
“Debra and her team have done a great job in creating a compelling assortment of LED lighting products which offer high reseller margins and sustainable growth rates,” stated Jean-Pierre Cayer, president, First Base Inc.