Cooper Acquires Thepitt Manufacturing and Major Liting
2 September 1997
Cooper Acquires Thepitt Manufacturing and Major LitingHOUSTON, Aug. 29 -- Cooper Industries, Inc. announced today that it has acquired Thepitt Manufacturing Company and Major Liting, Inc., subsidiaries of Rex Hide Incorporated. Terms of the agreement were not disclosed. Thepitt manufactures a wide variety of basic electrical products used in new construction, renovation and repair markets such as metallic and non- metallic outlet boxes, switch covers and conduit fittings. Major Liting manufactures weatherproof electrical boxes and outdoor lighting. Located in The Meadow Lands, Pennsylvania, Thepitt and Major Liting employ approximately 160 people and had 1996 revenues of about $26 million. Thepitt and Major Liting will become part of Cooper's Crouse-Hinds Division, which is headquartered in Syracuse, New York. "Thepitt and Major Liting's electrical construction products complement Crouse-Hinds' existing product lines and add to the wide offering available to Crouse-Hinds' distributors," said H. John Riley, Jr., Cooper's Chairman, President and Chief Executive Officer. Thepitt and Major Liting's electrical products are used in industrial, commercial and residential applications. Crouse-Hinds manufactures electrical products for light and heavy industrial applications, including fittings, enclosures, motor controls, lighting, plugs and intrinsically safe equipment for abusive, hazardous or corrosive environments. 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.