Cooper Acquires Hyundai Business

Cooper Industries Ltd., Houston, has acquired South Korea’s Hyundai Explosion-Proof Electric Co. (HEPEC), a manufacturer of explosion-protected electrical equipment. Cooper acquired HEPEC to expand its core operations and its presence in the South Korean market, Kirk Hachigian, Cooper’s chief executive, said in a statement. “This acquisition will provide Cooper with increased access to the South Korean market, with its strong shipbuilding industry and where significant investment to upgrad

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