ABB Agrees to Sell Meyer Steel Structures Business - Modern Distribution Management

Log In

ABB Agrees to Sell Meyer Steel Structures Business

Sale will be the second division of Thomas & Betts ABB has sold since acquiring the manufacturer.
Author
Date

ABB, Zurich, Switzerland, a power and automation technology group, has agreed to divest the Meyer Steel Structures business of Thomas & Betts for $600 million to Trinity Industries Inc. (NYSE: TRN), a U.S. industrial company headquartered in Dallas, TX.

ABB is divesting the steel structures business due to limited synergies with its core portfolio, the company said. The business serves North American utilities with engineered steel mono pole structures for power transmission & distribution. Headquartered in Memphis, TN, it employs more than 1,100 people and has four U.S.-based manufacturing facilities.

“This divestment is in line with our strategy for continuous portfolio optimization and reflects the limited synergies that the steel structures business has with our core business,” said ABB President and CEO Ulrich Spiesshofer. 

The acquisition of Thomas & Betts doubled ABB’s addressable market for the low voltage products division to approximately $24 billion in North America and provided a broad range of leading brands and a unique distribution and logistics model.

ABB divested Thomas & Betts’ HVAC business earlier this year.

Share this article

About the Author
Recommended Reading
Leave a Reply

Leave a Comment

Sign Up for the MDM Update Newsletter

The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.

Get the MDM Update Newsletter

Wholesale distribution news and trends delivered right to your inbox.

Sign-up for our free newsletter and get:

  • Up-to-date news in a quick-to-read format
  • Free access to webcasts, podcasts and live events
  • Exclusive whitepapers, research and reports
  • And more!

2

articles left

Want more Premium content from MDM?

Subscribe today and get:

  • New issues twice each month
  • Unlimited access to mdm.com, including 10+ years of archived data
  • Current trends analysis, market data and economic updates
  • Discounts on select store products and events

Subscribe to continue reading

MDM Premium Subscribers get:

  • Unlimited access to MDM.com
  • 1 year digital subscription, with new issues twice a month
  • Trends analysis, market data and quarterly economic updates
  • Deals on select store products and events

1

article
left

You have one free article remaining

Subscribe to MDM Premium to get unlimited access. Your subscription includes:

  • Two new issues a month
  • Access to 10+ years of archived data on mdm.com
  • Quarterly economic updates, trends analysis and market data
  • Store and event discounts

To continue reading, you must be an MDM Premium subscriber.

Join other distribution executives who use MDM Premium to optimize their business. Our insights and analysis help you enter the right new markets, turbocharge your sales and marketing efforts, identify business partners that help you scale, and stay ahead of your competitors.

Register for full access

By providing your email, you agree to receive announcements from us and our partners for our newsletter, events, surveys, and partner resources per MDM Terms & Conditions. You can withdraw consent at any time.

Learn More about Custom Reports

Request a Market Prospector Demo

  • This field is for validation purposes and should be left unchanged.