Hubbell buys Cooper utility lines

Expanding its presence in the pole-line hardware business, Hubbell Inc., Orange, Conn., agreed to acquire a package of utility products from Cooper Industries' power systems unit for $8.7 million cash.

The purchase price is subject to adjustment at closing, which is expected in about 60 days. Hubbell said it would purchase product inventories and materials, production equipment, tool and dies and related equipment. The deal doesn't include Cooper's production facility in East Stroudsb

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