Cooper Industries plc (CBE) recently announced the acquisition of Texas-based Pauluhn Electric from Federal Signal Corp. (FSS). Pauluhn Electric is a leading provider of 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 Electric was founded in 1924 and designs and manufactures a wide range of specialized area lighting and connecting solutions used in offshore and onshore drilling, shipbuilding, mining, petrochemical and other industrial applications involving harsh and corrosive environments.
The acquisition of Pauluhn Electric complements its global-leading Cooper Crouse-Hinds’ harsh and hazardous product offering and enables it to continue to provide its customers with increasingly comprehensive, highly-specified solutions that enhance safety and productivity in demanding environments around the world.
Cooper Industries is a global manufacturer with 2008 revenues of $6.5 billion, approximately 88% of which are from electrical products. The company has eight operating divisions with leading market share positions and world-class products and brands including: Bussmann electrical and electronic fuses; Crouse-Hinds and CEAG explosion-proof electrical equipment; Halo and Metalux lighting fixtures; and Kyle and McGraw-Edison power systems products. The company’s major competitors are Black & Decker Corp. (BDK) and ABB Ltd. (ABB).
Federal Signal Corp. designs and manufactures a suite of products and integrated solutions for municipal, governmental, industrial, and airport customers worldwide. The company operates in three segments: Safety and Security Systems, Fire Rescue, and Environmental Solutions. Its major competitors are Oshkosh Corp. (OSK) and Tennant Co. (TNC).
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