Valmont Industries sells unit to Chicago Miniature
VALLEY, Neb. (AP) _ Valmont Industries Inc. said Monday it is selling a lighting equipment unit to Chicago Miniature Lamp Inc. for $25 million.
The Valmont Electric unit, which makes magnetic and electronic ballasts for lighting equipment, has about 1,600 employees.
Chicago Miniature Lamp makes a wide variety of miniature lighting products and some automated bulb manufacturing equipment and fiber optic products.
Valmont Industries makes agricultural irrigation systems and poles, towers and structures for communications and utility customers.
The sale is to be completed early next month.