T&B Buys Homac Manufacturing Co.

Thomas & Betts Corp., Memphis, has acquired The Homac Manufacturing Co. , a privately held manufacturer of components used in utility distribution and substation markets, as well as industrial and telecommunications markets, for $75 million. In 2007, Homac’s sales were approximately $65 million.

“Homac is a leader in the market for secondary underground distribution connectors and has an excellent reputation for quality, innovation and service,” said Dominic J. Pileggi, chairman and chief executive officer. “This acquisition of market-leading brands and technology is highly complementary to Thomas & Betts’ portfolio of power delivery products and is consistent with our goal of providing a broad line of high-quality, value-added products to customers in key electrical markets.”