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

T&B To Sell PVC Pipe Business

Thomas & Betts Corp (T&B), Memphis, said it has decided to sell its plastic pipe operations, which generated annual sales of about $230 million.
Jan. 24, 2008

Thomas & Betts Corp (T&B), Memphis, said it has decided to sell its plastic pipe operations, which generated annual sales of about $230 million.

Thomas & Betts acquired the business as part of its $450 million purchase of Lamson & Sessions Co., a deal that closed in November.

Morgan Joseph & Co. is the exclusive financial adviser for the sale of the operations, which are headquartered in Cleveland, the company said.

Carlon tried to sell the PVC pipe business when it was part of Carlon.

Thomas & Betts reported third quarter net earnings of $51.3 million, up 15.3 percent from $44.5 million in the third quarter of 2006.