News and Events
Posted: June 29, 2018 @ 4:07 pm
MOLE-RICHARDSON CO ANNOUNCEMENT
MOLE-RICHARDSON CO ANNOUNCES SALE TO EXISTING MANAGEMENT
Michael Parker takes complete ownership of all operating assets of 91 year old Lighting manufacturer
Mole-Richardson Co. and Parker family owned P, K, & P Investments jointly announced that Michael Parker, the current CEO of the company, has acquired all of the assets of Mole-Richardson’s lighting and rental divisions. “Michael Parker’s purchase of the assets means that the management and ownership team of Mole-Richardson are poised for the long term growth of the company,” said Dennis Parker, Chairman of the Board.
The current management team will remain with the company and its customers, vendors and operations will not be affected by the buy-out.
Mole-Richardson Co. was founded in 1927 by electrical engineer Peter Mole, design engineer Elmer C. Richardson and chief studio electrician Fielding C. Coates. They had one common goal, to interpret technology for the needs of the Entertainment industry and develop tools for lighting technicians to tell their stories in artful ways. They realized that the only way to accomplish this goal was to provide the studios with lighting solutions based on the latest technology. “These are the goals that started Mole-Richardson and drives them still today,” said Michael Parker.
Mole-Richardson Co, under the direction of the Parker Family, has become one of the oldest family run entertainment-industry companies in Hollywood and the recognized leader in Entertainment Lighting. It continues to create Lighting products that interpret the newest technology and set new benchmarks for quality.
“With the introduction of our ground breaking line of LED lights, Mole-Richardson continues to show the world the future of Entertainment lighting,” said Michael Parker.