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Latest Scoop
WESCO Boosts
Canadian Industrial and Utility Presence with Purchase of Brews
WESCO Distribution, Inc., Pittsburgh, announced plans to
acquire Brews Supply, Ltd., headquartered in Calgary, Alberta, through
its Canadian subsidiary. Founded in 1927, Brews is a full-line
distributor of industrial, utility and commercial products with branches
in Calgary, Edmonton, Mississauga and Fort McMurray.
Electrical
Distributors Give Congress a Reality-Check on Impact of
Legislation
United States Senators and Representatives got the
real-world business perspective of electrical distributors from their
districts on a number of issues earlier this month when a pack of about
30 members of the National Association of Electrical Distributors (NAED)
descended on Washington, D.C., on Sept. 7-8 for the association’s
first-ever Congressional Fly-In.
Contracts
for Electrical Work Still Flowing from Federal Government
The recent uproar over the $535 million loan that the
federal government gave to now-bankrupt Solyndra Inc., a manufacturer of
photovoltaic panels, put government spending programs back in the
spotlight.
The American Recovery and Reinvestment Act of 2009 (ARRA) provided
millions in funding for the construction or retrofit of federal
buildings, Veteran Administration hospitals and military bases from 2009
to 2010. But according to information gathered by Electrical Marketing,
most of the government spending on electrical work at federal buildings
is not funded now through the ARRA.
Housing
Starts Drop Five Percent in August
Privately-owned housing starts in August were at a
seasonally adjusted annual rate of 571,000, five percent below the
revised July estimate of 601,000 and 5.8 percent below the Aug. 2010
rate of 606,000, according to the most recent housing data from the U.S.
Census Bureau.
People On The Move
People
On the Move in Electrical Market
There were an unusually high number of senior-level
appointments in the electrical market over the past few weeks. Here is
an expanded compilation of who’s who at the zoo.
On The Wire
FBI
agents search Solyndra headquarters
Solar manufacturer Solyndra is in the news for all the
wrong reasons these days. Not long after Solyndra filed Chapter 11 and
terminated 1,100 workers, the company, which received a $535 million
federal loan guarantee from the DOE to build a new facility, got an
early-morning visit from FBI agents with search warrants at its Fremont,
Calif., headquarters.
ICON
International sold to Endo Lighting of Japan
Woodbridge Group, a mergers-and-acquisitions firm in New
Haven, Conn., announced the sale of its client ICON International, a
manufacturer of architectural lighting, to Endo Lighting Corp., Osaka,
Japan.
Robust
growth for T5 and T8 lamp shipments during first half of 2011
NEMA’s shipment indexes for T5 and T8 linear
fluorescent lamps increased 30.2 and 12.5 percent, respectively, during
the first half of 2011 compared to the same period last year. Moreover,
the Q2 2011 index values for both T5 and T8 lamps were at record highs.
Crescent
Electric Supply installs EV charger at Rockdale branch
Crescent Electric Supply Co., East Dubuque, Ill., has
selected its Rockdale, Ill., branch to install its first electric
vehicle charging station as part of the company’s nationwide program
to support the installation, training and service of EV supply
equipment.
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