Feit Electric Acquires Universal Security Instruments' Assets and Brand

Core Insights - Feit Electric has acquired substantially all assets of Universal Security Instruments Inc., including its brand and patented home safety technologies, marking a strategic expansion into the home safety category [1][3]. Company Overview - Universal Security Instruments (USI) has been a pioneer in smoke, fire, and carbon monoxide alarm innovation since 1969, holding 11 U.S. patents and maintaining a strong retail presence across North America [2]. - Feit Electric, founded in 1978, is a leading global manufacturer of energy-efficient lighting and smart home products, with a commitment to innovation and customer satisfaction [5]. Strategic Implications - The acquisition allows Feit Electric to enhance its product offerings by integrating USI's technology and brand, providing a more comprehensive suite of solutions for modern homes [3]. - USI will continue to operate as a standalone brand under Feit Electric, focusing on reliable safety and security products while benefiting from Feit Electric's resources and retail partnerships [3][4]. - The multi-brand strategy, which includes Feit Electric, LIFX, and USI, aims to deepen retail partnerships and expand consumer choice in smart home and safety categories [4].