Cooper Acquires Atlite Lighting Equipment Inc.
18 December 1997
Cooper Acquires Atlite Lighting Equipment Inc.HOUSTON, Dec. 18 -- Cooper Industries, Inc. announced today that it has acquired Atlite Lighting Equipment Inc. Atlite, headquartered in Maspeth, New York, manufactures emergency and recessed lighting fixtures primarily used in commercial applications. The company's revenues are about $18 million. Terms of the agreement were not disclosed. Atlite adds to Cooper's already broad lighting fixture line," said H. John Riley, Jr., Cooper's Chairman, President and Chief Executive Officer. "At the same time, Atlite's customer base affords us greater opportunities to market other Cooper lighting products." Atlite's principal products include exit and emergency signs that utilize light emitting diodes (LED), a leading edge, energy efficient light source. Atlite will become part of the Cooper Lighting Division, reporting to the division's president, Fritz Zeck. The Cooper Lighting Division of Cooper Industries manufactures recessed, track, fluorescent, and emergency lighting fixtures. Headquartered in Elk Grove Village, Illinois, the division has manufacturing facilities in seven domestic and five international locations and employs approximately 4,600 people 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.