Dealer Batteries Plus plans to acquire LED Hut for 178 million yuan.
On September 8, 2014, the American battery and bulb lamp business "Batteries Plus LLC" announced
the acquisition of LED lighting retailer "LED Hut". According to the LED Hut press release, the merger reached
an agreement of 18 million pounds (about 178 million yuan).
LED Hut was founded in April 2011 by online entrepreneur Jonathan Ruff. In just three years,
the company has expanded from the original five-person scale to 60 people, and its turnover has grown by 550%.
It has rapidly developed into a well-known LED lighting retailer in the UK. LED Hut specializes in LED lighting and has industry expertise to provide high quality, competitively priced and commodity-assured LED luminaires, as well as fast and reliable delivery services.
The challenges of the industry have made our company more confident to produce better quality LED lamps
Bringing light to the world.