Greenlee Textron Inc. (NYSE: TXT), Rockford, IL, has acquired Sherman & Reilly Inc. in a strategic move to broaden its position in the utility segment. Sherman & Reilly is a manufacturer of underground and aerial transmission and distribution products based in Chattanooga, TN.
Sherman & Reilly employs 110 people and will join the Greenlee family of brands alongside Greenlee, Klauke and Greenlee Communications. In addition to its portfolio of pulling products and accessories, Sherman & Reilly will continue to manufacture a range of cable installation blocks and distribute fiber-optic blowing systems for the telecommunication market.
Sherman & Reilly will become a separate business unit within Greenlee, led by Dunn.