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Latest Scoop
Grainger
Enters Energy Services Market with Purchase of Alliance Energy
Solutions
Industrial distribution giant W.W. Grainger made a move
this week into the energy services market, closing a deal to buy
Alliance Energy Solutions, an energy services company (ESCO) based in
Oxford, Conn. Terms of the all-cash deal were not disclosed.
Alliance Energy Solutions (AES), which was founded in 2001 and posted
annual sales of $20 million in 2008, handles broad-range
energy-efficiency retrofits, but its primary focus is on
energy-efficient lighting. That emphasis on lighting seems to have been
a key for Chicago-based Grainger.
A.E.
Petsche Acquired by Arrow Electronics for Expansion in Aerospace and
Defense
Arrow Electronics, Inc., Melville, N.Y., agreed to
acquire A.E. Petsche Co., Arlington, Texas, a distributor of
interconnect products, including specialty wire, cable and harness
management solutions, to the aerospace and defense markets. Terms of
the
deal, expected to close by the end of 2009, were not disclosed.
United
Technologies to Buy GE Security
United Technologies Corp. (UTC) has signed a definitive
agreement to purchase the GE Security business from General Electric
(GE) for $1.82 billion. The deal has been approved by the boards of
both
companies, but closing depends on regulatory approvals.
GE Security, which includes the fire detection systems operations that
were once Edwards Systems Technology, purchased from SPX Corp. in 2005,
supplies security and life safety technologies for commercial and
residential applications that include fire detection and life safety
systems, intrusion alarms, and video surveillance and access control
systems.
People On The Move
Sonepar
Restructures to Integrate Sonepar USA and Hagemeyer
Sonepar last month announced an overall restructuring
along regional lines to integrate the operations of Hagemeyer North
America (HNA) with its Sonepar units. The combination is intended to
enhance the company’s market coverage, delivery support and
operational best practices.
Christopher
Ruud named president at Ruud Lighting
Ruud Lighting Inc. (Racine, Wis.):
Christopher
Ruud was promoted to president, a role that his father, Alan Ruud,
held since founding the company in 1982. As president, Christopher will
oversee all U.S.-based business units and operations. Alan will retain
his role as chairman and CEO.
On The Wire
NEMA
Sees Slight Increase in Industrial Controls Market in Third Quarter of
2009
Demand for industrial controls increased modestly
during
the third quarter of 2009, with NEMA’s Primary Industrial Controls
Index rising 1.6 percent versus the April-to-June period. While this
represented the first quarter-to-quarter gain since the second quarter
of 2008 for the index, published by the National Electrical
Manufacturers Association (NEMA), Rosslyn, Va., shipments remain at a
very low level, with the index still more than 30 percent below the
third quarter of 2008. A broader measure of industrial controls demand,
the Primary Industrial Controls and Adjustable Speed Drives Index,
posted a 0.9 percent increase over the second quarter of 2009, but also
continues to reflect lackluster demand with a 29.5 percent decline on a
year-over-year basis.
Resin
Systems wins $100-million contract with HD Supply Utilities
Resin Systems Inc., Calgary, Alberta, a manufacturer of
advanced composite products for infrastructure markets, has entered
into
a distribution agreement with HD Supply Utilities, Atlanta, North
America’s largest electric utilities distributor. The agreement
includes an initial purchase order for the company’s RStandard poles
exceeding $100 million over the first half of the initial term, subject
to applicable terms and conditions.
Honeywell
gets smart grid grant
Honeywell, Minneapolis, announced that it has been
awarded an $11.4-million grant from the U.S. Department of Energy (DOE)
as part of the federal government’s effort to rebuild the nation’s
energy grid. The grant, one of several awarded from a smart grid
funding
package under the American Recovery and Reinvestment Act (ARRA), will
support a peak pricing response program for commercial and industrial
facilities in the Southern California Edison (SCE) service territory,
helping them automatically implement energy management strategies to
reduce costs and improve efficiency.
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