Textron Inc.'s Greenlee business unit, Rockford, IL, has acquired UK-based Utilux, a manufacturer of electrical connectors and cable assemblies for electrical distributors and other European industrial segments. With this acquisition, Greenlee improves product offerings and capacity at its Klauke division, based in Remscheid, Germany.
With revenues of about $28 million in fiscal year 2007, Utilux has about 220 employees and will continue to operate out of its Slovakian and UK locations.
Greenlee provides professional tools for use in the electrical, plumbing, communications, and construction and maintenance markets worldwide. Textron Inc. is a $13.2 billion diversified manufacturing company operating in 34 countries with 44,000 employees.