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January 15, 2008

Thomas & Betts to Divest Plastic Pipes Business

Thomas & Betts Corp., Memphis, TN, has decided to sell the plastic pipe business acquired with the company’s recent purchase of Lamson & Sessions Co.
 
The company will sell the business, which includes polyvinyl chloride (PVC) and high-density polyethylene (HDPE) conduit, duct and pressure pipe used in construction, industrial, municipal, utility and telecommunications markets sold under the Ameriduct, Pyramid, Lamson Vylon and other brand names. The products generated $230 million in sales for the 12-month period ended Sept. 30, 2007. The operations are headquartered in Cleveland, Ohio.
 
Thomas & Betts Corporation is a manufacturer of electrical components used in construction, industrial and utility markets. The company is also a producer of commercial heating and ventilation units and highly engineered steel structures used primarily for utility transmission.

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