Electrical Marketing's LiveWire brings you the latest news gathered from all corners of the electrical products channel. From personnel promotions to mergers & acquisitions it's our first run of the news.
General Electric, Boston, started the week by facing the wrath of investors disappointed with its decision to cut its quarterly dividend in half and skeptical of the turnaround plans offered by new Chairman and CEO John Flannery.
ABB will consolidate its power transformers manufacturing by investing in its South Boston and Crystal Springs units and discontinue production at its unit in St. Louis, which will continue to focus on engineering and service activities.
The combined company will be a multi-region, Top 10 electrical distributor with more than 1,300 employees serving customers from 41 locations in the Midwest, Southeast and South Central areas of the United States.