Principal Sloan Expands San Angelo Manufacturing and R&D Operations

Principal Industries, the leading provider of electrical components and services to the commercial LED sign industry, recently announced the acquisition of Sloan LED, a California-based specialist in highly engineered LED solutions to
the signage, retail, hospitality, and petroleum markets. This acquisition strengthened and diversified Principal’s
product portfolio in new and existing end markets while expanding its footprint in and outside North America.

Principal Sloan has begun the process of expanding their San Angelo operations into a facility located at 3669 Porter
Henderson Drive, in the Chaparral Commercial Center.

The San Angelo Chamber of Commerce Economic Development team of Mike Berry and Michael Looney worked with Principal Sloan’s Francis Jelensberger and Conor
Owen to find and secure the 25,000 square foot expansion facility.

Due to the recent acquisition, the existing Principal Sloan facility at 3490 Venture Drive was not able to accommodate
their rapid growth. The new facility will accommodate the operation’s engineering and research functions.

This expansion will allow the Principal Sloan LED San Angelo site to increase output capacity by 15% with new equipment and increased headcount of 15 newly created career positions, and new in-house production eliminating their need to purchase finished components from the European and Asia-Pacific regions.

What Michael Looney is saying:

“The Chamber EDD team was pleased to work with Principal Sloan to secure vital facility space as near as possible to their
current San Angelo Industrial Park operations headquarters. Francis and Conor were great to work with and we strive
to help our San Angelo area manufacturing operations succeed.”