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Saturday, May 01, 2010 1:13:06 PM
Cooper Industries Announces Acquisition of Eka Systems, Inc.
http://www.marketwatch.com/story/cooper-industries-announces-acquisition-of-eka-systems-inc-2010-04-13
"Cooper has an exceptionally strong balance sheet and continues to maintain a focused and disciplined acquisition strategy," said Hachigian.
HANFORD, Calif., Feb. 25 (CRWENEWSWIRE) — Thresher Industries (Pink Sheets:THRR.PK) announced today that it has been supplying lighting components to Cooper Industries, Ltd., its previously referred to S&P 500 Conglomerate. These components are being used in a new product line of energy efficient LED light fixtures. “We are very proud to be working with Cooper Lighting, a subsidiary of Cooper Industries, on this program. The parts we supply are highly cosmetic, and function as a heat sink due to our advanced materials and high pressure casting process,” said Tom Flessner, President / CEO of Thresher Industries. “Production orders were placed, and deliveries began in Q4 2009, with anticipated follow up orders to come soon to our high pressure casting Hanford facility.”
http://www.cooperlighting.com/common/solutions.cfm?pg=Literature&solutionID=18
Cooper Industries plc /quotes/comstock/13*!cbe/quotes/nls/cbe (CBE 49.10, -1.48, -2.93%) is a global manufacturer with 2009 revenues of $5.1 billion, approximately eighty-nine percent of which are from electrical products. Founded in 1833, Cooper's sustained level of success is attributable to a constant focus on innovation, evolving business practices while maintaining the highest ethical standards, and meeting customer needs. The Company has eight operating divisions with leading market share positions and world-class products and brands including: Bussmann electrical and electronic fuses; Crouse-Hinds and CEAG explosion-proof electrical equipment; Halo and Metalux lighting fixtures; and Kyle and McGraw-Edison power systems products. With this broad range of products, Cooper is uniquely positioned for several long-term growth trends including the global infrastructure build-out, the need to improve the reliability and productivity of the electric grid, the demand for higher energy-efficient products and the need for improved electrical safety. In 2009, sixty-one percent of total sales were to customers in the industrial and utility end-markets and thirty-nine percent of total sales were to customers outside the United States.
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