Latest from Mag

Plenty of executive appointments over the past two weeks. Here’s Electrical Marketing’s expanded coverage of personnel changes in the electrical market.
Dec. 21, 2012
Wire man John Pasqual and lighting rep Jack Melnick
Dec. 21, 2012
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Electrical product prices remained on their flat trend, showing no change from October and little change in almost all major product categories.
Dec. 21, 2012
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Privately-owned housing starts in November were at a seasonally adjusted annual rate of 861,000, 3% below the revised October estimate, but 21.6% above the Nov. 2011 rate.
Dec. 21, 2012
Dec. 21, 2012
Veteran reps form new agency in Raleigh; WinWholesale buys Lloyd Graves in Texas; United Electric Supply expands through acquisition; and more.
Dec. 21, 2012
W.W. Grainger Inc., Lake Forest, Ill., announced plans to purchase Techni-Tool Inc., Worcester, Pa., a 200-plus employee distributor supplying customers in the cable television...
Dec. 21, 2012
Kaman Industrial Technologies (KIT), the industrial distribution business Kaman Corp., Bloomfield, Conn., has built up in recent acquisitions of Minarik, Zeller Electric and others...
Dec. 21, 2012
New York Mayor Michael Bloomberg offered an update on the city’s plans to renovate its infrastructure to withstand future storms.
Dec. 7, 2012

Goldman Sachs To Invest $172 Million In Sigma Electric

Goldman Sachs Group Inc. said it will invest $172 million to buy a majority stake in Sigma Electric and its affiliated companies.
Oct. 26, 2007

Goldman Sachs Group Inc. said it will invest $172 million to buy a majority stake in Sigma Electric and its affiliated companies.

Sigma Electric, based in Mumbai, India, is a low-cost manufacturer of cast metal parts and assemblies for the electrical, utility, durable goods and transportation markets with sales to the United States and Europe.

Sigma founder and chairman Sajjan Agarwal will remain a significant shareholder, and existing management will stay in place, Goldman Sachs said in a release.

Sigma President and Chief Executive Paul Hirt will also join the company’s board of directors. Sanjay Patel, Sanjeev Mehra and Harsh Raghavan of Goldman Sachs will also join the Sigma board.