September 15, 2008 - Modern Distribution Management

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September 15, 2008

Border States Electric Agrees to Buy Harris Electric Supply Co.

Leave a Comment / Top Distributor Sectors, Subscriber Only, News, Mergers & Acquisitions, Free, Finance, Electrical /

Border States Electric, Fargo, ND, has agreed to buy Harris Electric Supply Company with locations in Clarksville, Columbia, Cookeville, Hendersonville, Lebanon, Murfreesboro, and Nashville, TN.
 
Harris Electric provides electrical distribution, power monitoring and power quality, lighting, data communication, control and automation solutions to the residential, industrial/original equipment manufacturer (OEM), commercial construction, data communications, and utility markets. The transaction is expected to close in November.
 
Harris Electric Supply Company employs 120 and serves more than 1,900 customers. The Harris Electric Supply Company name will not change but will include A Division of Border States."
 
Border States provides products and services ...

Border States Electric Agrees to Buy Harris Electric Supply Co. Read More »

Crane Co. Buys Delta Fluid Products

Leave a Comment / Top Distributor Sectors, Subscriber Only, Power Transmission/Motion Control/Fluid Power, News, Mergers & Acquisitions, Free, Finance /

Crane Co., a Stamford, CT-based diversified manufacturer of highly engineered industrial products, has purchased Delta Fluid Products Ltd., a designer and manufacturer of regulators and fire safe valves for the gas industry, and safety valves and air vent valves for the building services market, for $28 million in cash.
 
Delta Fluid Products, St. Helens, England, employs 220 people. Delta's 2008 sales are estimated to be $37 ...

Crane Co. Buys Delta Fluid Products Read More »

Richard Bell to Retire from Gates Corp.

Leave a Comment / Top Distributor Sectors, Subscriber Only, Power Transmission/Motion Control/Fluid Power, News, Free /

Richard Bell, chairman of Gates Corp., Denver, CO, and COO of the Industrial and Automotive group of UK-based Tomkins plc, will retire on Dec. 31, 2008, after 43 years. Bell has held these roles since 2007.
 
Effective upon Bell's retirement, Jim Nicol, CEO of Tomkins plc, will assume the role of chairman of Gates Corp. and Alan J. Power will take on the role of Executive Vice President, Industrial and Automotive, where he will be responsible for all of the Group's Industrial and Automotive businesses other than Gates Corp.
 
Gates manufactures industrial and automotive products, systems and component with operations in 25 countries. Gates is part of the Industrial &Automotive group of Tomkins plc, a global engineering company with revenue of $5.8 billion in 2007. ...

Richard Bell to Retire from Gates Corp. Read More »

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