SYRACUSE — Cooper Industries has added a newly acquired Brazilian manufacturer to its Syracuse–based Cooper Crouse-Hinds division.
Cooper Industries (NYSE: CBE), based in Dublin, Ireland, acquired Campinas, Brazil–based Blinda Industria e Comercio, the company said yesterday. Blinda manufactures explosion-proof products including lighting and panel boards for oil and gas markets in Brazil.
Blinda is now part of the Cooper Crouse-Hinds division, which offers a line of electrical and instrumentation products for worldwide industrial and commercial markets. Cooper Crouse-Hinds manufactures over 100,000 products including conduit fittings, cable fittings, plugs, receptacles, industrial lighting fixtures, signals, and alarms.
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Cooper Industries also announced two other acquisitions: the British Standard fuse-link product portfolio from GE Industrial Systems, and Changzhou, China–based Changzhou Yuhua Electrical Equipment Manufacturing Co.
Yuhua, which specializes in explosion-proof closed-circuit-television and communications systems, is becoming part of the Cooper Safety division, which manufactures emergency lighting, security, fire-detection, and notification systems. The British Standard fuse-link product portfolio from GE Industrial Systems joins the St. Louis–based Cooper Bussmann division, which specializes in critical circuit protection, power management, and electrical safety.
Cooper Industries paid approximately $56 million for the combination of the three companies, which are expected to post combined sales of about $36 million in 2011.
“Although small, Yuhua and Blinda are leading brands in China and Brazil, respectively, and are strategic fits within Cooper’s global-leading portfolio of explosion-proof electrical products for harsh and hazardous environments,” Cooper Industries Chairman and CEO Kirk S. Hachigian said in a news release.
Cooper Industries, a global electrical products manufacturer, maintains seven operating divisions. It reported $5.1 billion in revenue in 2010, and 59 percent of its sales that year were to industrial and utility customers. In 2010, 39 percent of the company’s sales were to customers outside of the United States.
Contact Seltzer at rseltzer@cnybj.com
