Ferraz Shawmut acquisition bolsters Europe DIN-fuse business

Ferraz Shawmut acquired the M. Schneider group, Vienna, Austria, on May 1. Schneider is a big player in the DIN-standard fuses and fusegear segments and has annual sales of approximately $25.6 million. Information on the Ferraz Shawmut website said the acquisition makes the Ferraz Shawmut Electrical Protection division of Carbone Lorraine No. 2 worldwide in DIN-standard fuses and fusegear.