MARCH 2019, FENTON, MO — Tacony Corporation, a leading distributor and manufacturer of consumer and commercial goods, announced its sale of Regency Ceiling Fans and related assets to Hinkley Lighting effective February 28, 2019. The announcement was made by Tacony CEO, Kristi Tacony Humes.
The sale allows Tacony to focus on its core business markets while providing a suitable home for Regency Ceiling Fans which has been part of Tacony for over 40 years.
“We had been looking for a strategic partner with the necessary resources and expertise to help take Regency to the next level,” Humes said. “We believe Hinkley Lighting provides Regency with a unique opportunity for growth because of its applicable experience in lighting and its reputation for trend-setting, high-quality, fashionable designs.”
Hinkley is a well-recognized and respected brand in the lighting industry used by homeowners, designers, contractors and light commercial specifiers. Its brand portfolio consists of Hinkley Lighting and Fredrick Raymond. Regency Ceiling Fans will join Hinkley Lighting at its Global Headquarters in Avon Lake, Ohio.
“We are excited to add the Regency brand to the Hinkley family of products,” said Eric Wiedemer, Vice President of Hinkley Lighting. “By widening our indoor and outdoor product offering through the fan category, we create a more connected and cohesive brand experience for our showrooms and the consumer.”
The Regency divestiture comes on the heels of Tacony’s recent announcement regarding its warehouse facilities. In order to accommodate anticipated future growth, Tacony is building a new 75,000 square foot distribution center in Las Vegas, Nevada. This will serve as its West Coast hub, replacing the current facility in Fullerton, California.
“Our core businesses remain strong and these changes will help us focus on the customer experience across all our brands as we move forward,” said Craig Meyer, Senior Vice President of Marketing at Tacony. “The customer experience is our top priority and Tacony continues to challenge status quo to ensure we stay true to the values that have made us successful for over 72 years.”
About Tacony Corporation
Founded in 1946, Tacony Corporation is a privately held manufacturing and distribution company that provides your world with better solutions for sewing, cleaning and home. With more than 550 associates in 12 offices around the world under the leadership of CEO Kristi Tacony Humes, Tacony’s mission is to create long-lasting relationships that are based on trust and feel like family. For more information, visit www.tacony.com.