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Globe Electric Company Inc., backed by Novacap, acquired HeathCo LLC from Transom Capital Group. HeathCo manufactures HeathZenith branded lighting and door chime products. Financial terms were not disclosed.
Novacap, in partnership with Fonds de solidarité FTQ and Fondaction, acquired a majority interest in Globe Electric Company, a Montreal-based consumer lighting and electrical products company. CEO Edward Weinstein and senior management retain substantial ownership.