S&C Electric Company (S&C) and MacLean Power Systems (MPS) have entered into a definitive agreement whereby MPS will acquire certain assets related to S&C's polymer fuse cutout line and will be granted by S&C the exclusive rights to market and sell porcelain fuse cutouts in the U.S. and Canada. The transaction is expected to close by April 16, 2010.
Type XS porcelain fuse cutouts will continue to be manufactured by S&C in their Suzhou, China facility and sold exclusively by MPS in the U.S. and Canada under the MPS brand name. The assets related to the Type XS polymer fuse cutout will be relocated to MPS's York, SC facility.
The addition of fuse cutouts to MPS's product offering is in response to customer requests for MPS to provide a more complete market basket for distribution line construction. The fuse cutout better aligns MPS with the competition and positions MPS to provide improved supply chain economies. For polymer fuse cutouts specifically, the agreement combines S&C's industry-leading fuse cutout expertise with MPS's world-class capabilities in silicone rubber insulator design and manufacturing.
Tom Smith, President and CEO of MPS, said, “Given MacLean's desire to enter the cutout market, reaching this agreement with S&C is the best-case scenario for MPS. We get to enter the market by working with S&C, a recognized industry leader in technology, quality, and customer service.”
John Estey, President and CEO of S&C, said, “This is a terrific combination: marrying the S&C fuse cutout with MPS's complementary products to better meet customer needs in the U.S. and Canada while maintaining fuse cutout production in Suzhou to keep S&C a strong competitor in overseas markets. This will also allow our Canadian and U.S. teams to focus more strongly on developing innovative new products, including those for the smart grid.”
Until the agreement closes on April 16, 2010, MPS and S&C will conduct business as usual.
About MacLean Power Systems
Privately held MacLean Power Systems, a MacLean-Fogg Company, is a worldwide leading manufacturer of products used by utilities for building communication, transmission and distribution lines and power substations. With global raw material sourcing capabilities, MPS produces over 10,000 items for the Power, Communication and Civil construction markets. Through innovation, quality and service, the MPS mission is to provide products and services that support the delivery of reliable power. For more information about our diverse product offering, visit our web site at www.macleanpower.com.
About S&C Electric Company
S&C, headquartered in Chicago, IL, is applying its heritage of innovation to address challenges facing the world's power grids and thus shaping the future of reliable electricity delivery. The mission of employee-owned S&C is to continually develop new solutions for electricity delivery, fostering the improved efficiency and reliability required for the intelligent grid. Additional information about S&C is available at www.sandc.com. Media Contacts: MacLean Power Systems Contact: Dennis Zalar, VP Marketing Phone: 630-215-5156 E-Mail: dzalar@MacLeanPower.com S&C Electric Company Steven A. Strand, Advertising Programs Supervisor Phone: 773-338-1000 E-Mail: firstname.lastname@example.org
MacLean Power Systems
Contact: Dennis Zalar, VP Marketing
S&C Electric Company
Steven A. Strand, Advertising Programs Supervisor