Cooper Industries Acquires G&H Technology
Manufacturer of Specialized Connectors and Interconnect Devices
HOUSTON, Jan. 24, 2006 -- Cooper Industries, Ltd. (NYSE:CBE) today
announced the acquisition of G&H Technology, Inc., a Camarillo,
Calif.-based designer and manufacturer of advanced, high-reliability
connectors and interconnect devices. Financial terms were not disclosed.
G&H products address critical design, high-stress and harsh-environment
conditions, and are used in aerospace, subsea, military and industrial
applications. With sales of approximately $21 million in its most recent
fiscal year, G&H Technology becomes part of the Cooper Crouse-Hinds
Division of Cooper Industries.
"G&H provides highly technical specification-grade technologies that
augment the traditional markets served by our Cooper Crouse-Hinds
portfolio and extend our growth opportunities in the military, molded
products and heavy-duty industrial sectors," said Cooper Industries
President and Chief Executive Officer Kirk S. Hachigian. "The
acquisition offers broader applicability to the hazardous environment
markets worldwide, with additional capabilities for our customers and
new cross-channel sales opportunities in the highly engineered connector
market."
Cooper Industries also recently acquired Novitas, Inc., a Torrance,
Calif.-based manufacturer of occupancy sensors, switch packs and
accessories. Novitas, with sales of approximately $7 million, became
part of the Cooper Wiring Devices Division.
Cooper Crouse-Hinds makes electrical distribution products and
explosion-protected equipment for commercial, industrial and hazardous
environments worldwide. Its products include fittings, enclosures,
apparatus and industrial motor controls, signals and alarms, industrial
lighting, plugs and receptacles, and intrinsically safe instrumentation
devices. In addition, Cooper Crouse-Hinds is a leader in airfield
lighting and industrial connectivity applications. Headquartered in
Syracuse, N.Y., Cooper Crouse-Hinds has manufacturing facilities in
seven domestic and seven international locations, and approximately
3,100 employees worldwide.
Cooper Wiring Devices offers a complete line of wiring devices and
accessories for the distribution and control of electrical power. Its
products are used in industrial, institutional, commercial and
residential construction as well as renovation and maintenance. The
division is headquartered in Peachtree City, Ga.
About Cooper Industries
Cooper Industries, Ltd. is a global manufacturer of electrical products
and tools, with 2005 revenues of $4.7 billion, approximately 30 percent
of which are international sales. Incorporated in Bermuda with
administrative headquarters in Houston, Cooper employs approximately
28,000 people and operates nine divisions: Cooper B-Line, Cooper
Bussmann, Cooper Crouse-Hinds, Cooper Hand Tools, Cooper Lighting,
Cooper Menvier, Cooper Power Systems, Cooper Power Tools and Cooper
Wiring Devices. Cooper Connection provides a common marketing and
selling platform for Cooper's sales to electrical distributors. For more
information, visit the website at www.cooperindustries.com.
Contact:
Yvonne Donaldson
713-209-8464
donaldson@cooperindustries.com