The 2020 Mid-Year Economic Update_long

Cooper Industries Buys GS Metals, Clarity Lighting

Cooper Industries, Ltd. has acquired Illinois-based GS Metals, a manufacturer of customized metal safety grating systems, bolted framing, and ladder and wire basket cable tray, and UK-based Clarity Lighting, a designer and manufacturer of light-emitting diode architectural lighting and control solutions.
&nbsp ;
Expected full-year sales for the two companies in 2007 are $55 million and the combined purchase price is $49 million.
&nbsp ;
Cooper is committed to building upon our core businesses, enhancing them by adding more technology and end-user specified products into the portfolio so that we can better serve our customers," said Cooper Industries CEO Kirk S. Hachigian. "The acquisition of GS Metals complements our existing Cooper B-Line product offerings and enables us ...

Cooper Industries, Ltd. has acquired Illinois-based GS Metals, a manufacturer of customized metal safety grating systems, bolted framing, and ladder and wire basket cable tray, and UK-based Clarity Lighting, a designer and manufacturer of light-emitting diode architectural lighting and control solutions.
&nbsp ;
Expected full-year sales for the two companies in 2007 are $55 million and the combined purchase price is $49 million.
&nbsp ;
Cooper is committed to building upon our core businesses, enhancing them by adding more technology and end-user specified products into the portfolio so that we can better serve our customers,” said Cooper Industries CEO Kirk S. Hachigian. “The acquisition of GS Metals complements our existing Cooper B-Line product offerings and enables us to offer more highly-engineered and customizable safety and support solutions to our customers in the industrial and commercial construction end-markets.
&nbsp ;
“Clarity Lighting, which will report through Cooper Menvier, specializes in White Light and Red/Green/Blue LED color-changing technical lighting for commercial construction applications and signals our ongoing commitment to further strengthening our existing global offering in LED solutions.”
&nbsp ;
Cooper Industries has completed ten acquisitions and joint-ventures in 2007.
&nbsp ;
Cooper Industries, Ltd. is a global manufacturer with 2006 revenues of $5.2 billion, approximately 85 percent of which are from electrical products.

About the Author
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.

By subscribing, you are agreeing to MDM’s Privacy Policy.

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

0

articles left

This is your last free article

Subscribe to MDM Premium today and 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.