Hubbell completes Burndy acquisition, to operate as stand-alone unit

Hubbell Inc., Orange, Conn., has completed the purchase of FCI Americas, Inc. (the business known as Burndy) for approximately $360 million in cash (net of cash acquired). Burndy, founded in 1924 and headquartered in Manchester, N.H., is a manufacturer of connectors, cable accessories and tooling, serving commercial and industrial markets and utility customers primarily in the United States. Burndy’s 2008 sales were approximately $225 million and operating profit margins were in the high teen

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