Cooper Acquires Lucas Electrical Systems do Brasil
5 January 1998Cooper Acquires Lucas Electrical Systems do Brasil
HOUSTON, Jan. 5 -- Cooper Industries announced that it has acquired Lucas Electrical Systems do Brasil Ltda., a manufacturer of lighting products for cars, motorcycles, commercial and agricultural vehicles with annual revenues of more than $16 million. Headquartered in Sao Paulo, the operation employs approximately 260 people. "This acquisition creates new business opportunities for Cooper by expanding our global automotive lighting business and strengthening our position in South America's fast-growing vehicle manufacturing segment," said H. John Riley, Jr., Cooper's Chairman, President and Chief Executive Officer. This business will become a part of Cooper Automotive, which markets Wagner, Zanxx and Blazer lighting products, Anco windshield wiper blades and arms, Champion spark plugs and igniters and PowerPath and Belden automotive wire and cable. Cooper Automotive, headquartered near St. Louis, Missouri, has 15 manufacturing facilities in the United States and 14 international locations and approximately 9,000 employees worldwide. Cooper Industries, with 1996 revenues of $5.3 billion, is a diversified, worldwide manufacturer of electrical products, tools and hardware, and automotive products. Additional information about Cooper is available on the company's World Wide Web site: http://www.cooperindustries.com. SOURCE Cooper Industries, Inc.