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Latest Scoop
Shealy
Electrical Merges with Electrical Distributors to Expand in North
Carolina
Shealy Electrical Wholesalers, West Columbia, S.C.,
announced plans to merge with Electrical Distributors Inc., Charlotte,
N.C., in a deal that would broaden its reach from its base in South
Carolina, eastern Georgia and eastern North Carolina into the Charlotte
market where EDI operates six branches. According to the letter of
intent, the deal will become official in Jan. 2012.
Osram
Acquires the Rest of Encellium
Osram Sylvania, the Danvers, Mass.-based lighting
subsidiary of Siemens, announced it has signed an agreement with
Townsend Ventures, LLC, to increase its stake in Encelium Technologies
from 15 percent to 100 percent.
IDEA
E-Biz Forum Charges Up Tech Crowd
The crowd at the IDEA E-Biz Forum, the annual meeting of
the electrical wholesaling market’s technical tribes, is always a
little bit different than other industry gatherings.
Graybar
Electric Closes $500 Million in Financing; Opens New York
Branch
Graybar Electric Co., St. Louis, Mo., announced that on
Sept. 28 it entered into a $500 million, five-year unsecured revolving
line of credit.
United
Copper Industries Acquired by Private Equity Firm KPS Capital
Partners
United Copper Industries (UCI), Denton, Texas, a
manufacturer of building wire, was acquired on Sept. 29 by New
York-based KPS Capital Partners, LP, a U.S.-based private equity fund,
from the Mexican firm Grupo IUSA, which reportedly wanted to exit the
wire and cable business.
Acuity
Acquires Pathway Connectivity
Lighting manufacturer Acuity Brands, Atlanta, has
acquired Pathway Connectivity, Inc., for an undisclosed amount of cash.
Pathway is a manufacturer of networked data communications and interface
equipment for architectural and entertainment lighting control
applications world-wide.
People On The Move
New
Promotions at Coleman Cable, Border States, others
Coleman Cable Inc. (CCI) (Waukegan, Ill): The company
recently made several key changes to its sales and marketing teams. John
Pappas has been appointed senior V.P.-corporate marketing; Dan Jones has
been appointed V.P. of national accounts- electrical distribution; Marc
Hall has been promoted to the position of director of sales, electrical
distribution; and Scott Hagen has joined the company as director of
product development-assembled products.
On The Wire
GE
Energy forms OEM partnership agreement with Inovateus Solar
GE Energy Industrial Solutions announced a partnership
agreement to work with Inovateus Solar, a U.S. solar-power distribution
and integration company, to build new solar carports with electric
vehicle (EV) chargers.
Leviton
acquires Obvius Energy Information Solutions
In a move to enhance its position in energy-use
measurement and verification markets, Leviton Manufacturing Co.,
Melville, N.Y., has acquired Obvius, a manufacturer of hardware
solutions to collect energy information.
Springfield
Electric Supply acquires Heintz Electric
Springfield Electric Supply Co. has purchased the assets
of Heintz Electric Co., Quincy, Ill. Locations acquired include Quincy;
Hannibal, Mo.; and Keokuk, Iowa.
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