United States: Hubbell Acquires Pole Line Hardware Assets
Hubbell Power Systems Inc. (Orange, Connecticut) acquired the assets of the pole line hardware business of Cooper Power Systems Inc. (Waukesha, Wisconsin), a subsidiary of Cooper Industries Ltd. The purchase price was US$9.5 million in cash subject to customary post-closing adjustments.
Pole line hardware products are used in the construction and maintenance of electric utility transmission and distribution lines. They include anchors and accessories, fasteners, pole and crossarm accessories, insulator pins, cable clamps, mounting brackets, wireholders and insulators. Hubbell Power Systems Inc. has acquired product inventories and materials, production equipment, tools, dies and related equipment.
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