Cooper Industries Completes Acquisition of Eagle Electric
20 March 2000
Cooper Industries Completes Acquisition of Eagle Electric, Forms New Cooper Wiring Devices Division COOPER INDUSTRIES LOGO Cooper Industries' logo. (PRNewsFoto)[DM] HOUSTON, TX USA 05/13/1999HOUSTON, March 20 Cooper Industries, Inc. , a leading manufacturer of electrical products and tools and hardware, has completed its previously announced acquisition of Eagle Electric Manufacturing Co., Inc., a Long Island City, N.Y.-based manufacturer of wiring devices. Cooper plans to combine the assets of Eagle with its other existing wiring device operations, including Arrow Hart and Industrias Royer, S.A. de C.V., to form a new division to be known as Cooper Wiring Devices. Neal Kluger, who had served as president and chief executive officer of Eagle Electric, will be president of the new division. Cooper Industries, with 1999 revenues of $3.9 billion, is a worldwide manufacturer of electrical products, tools and hardware. Cooper Industries offers its electrical equipment customers a wide variety of products including fuses, overcurrent protection products, fluorescent, incandescent and HID lighting fixtures, emergency lighting, fire detection systems and security equipment, components and systems to distribute and manage electrical power, electrical distribution products, explosion-proof equipment, industrial and airport lighting and sensor and control devices for power equipment. Cooper Industries is headquartered in Houston, Texas, and employs more than 30,000 people at over 100 locations around the world. Additional information about Cooper is available on the Company's Internet site: http://www.cooperindustries.com. Contact: John Breed of Cooper Industries, Inc., 713-209-8835.