Manufacturer Cooper Industries plc (NYSE: CBE), Dublin, Ireland, has acquired Pearland, TX-based Pauluhn Electric from Federal Signal Corporation (NYSE: FSS). Pauluhn Electric manufactures specialized marine, offshore and industrial lighting and connecting product solutions for harsh and hazardous locations and corrosive environments. Terms of the transaction were not disclosed.
“Pauluhn has a strong reputation for innovative products and excellent quality and this acquisition further extends Crouse-Hinds’ access to several key end markets, including marine, mining and offshore drilling,” said Cooper Industries CEO Kirk S. Hachigian. “Additionally, Crouse-Hinds’ global-leading market position and extensive distribution channel provides a great opportunity to expand Pauluhn’s offering to additional harsh and hazardous locations worldwide.”
Cooper Industries plc 2008 revenues were $6.5 billion, approximately 88% of which are from electrical products.