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Cooper Industries is a company incorporated and headquartered in Ireland but with its chief operational offices at Houston, Texas.[1]. It produces transformers, tools and electrical equipment in general. It employs 29,000 staff around the world and had revenues in 2007 of $5.9 billion dollars. It is one of the oldest large companies in United States having been founded in 1833. In 2005 Kirk S. Hachigian replaced H. John Riley Jr as CEO.
[edit] HistoryOriginally incorporated in Ohio as The C. & G. Cooper Company in 1895, it obtained a new charter in Ohio in 1919 that lasted until reincorporation in Bermuda for tax reasons took effect in 2002. The company was reincorporated in Ireland in 2009. In that time the company changed enormously. Originally the company had been a foundry powered by a horse, but they bought their first steam engine in 1842 and were soon making engines themselves. A leading producer of Corliss steam engines in the 19th century, they switched in the early 20th century to making compressors, and became Cooper-Bessemer Corporation in a 1929 merger, before continuing diversification led to the Cooper Industries name being adopted in 1965.(The Ohio corporation became Cooper Industries Inc.,the Bermuda corporation was Cooper Industries Ltd.,and the Irish corporation is Cooper Industries PLC). In 1967 the company entered the hand tool business by acquiring Lufkin Rule, a maker of measuring instruments, and subsequently added a large number of other hand tool businesses. In the 1970s they entered aircraft maintenance, but subsequently sold off Cooper Airmotive. In 1979 they bought Gardner-Denver Company, their largest acquisition up to that point, extending their range of products serving the energy industry, which had been a key market since they started making compressors and a catalyst for their move of corporate headquarters to Houston in 1967. The acquisitions of Crouse-Hinds Company in 1980 and McGraw-Edison in 1985, as well as the buyout of Westinghouse's lighting division in 1982, made electrical products the largest part of the company, which has remained the case ever since. McGraw-Edison had been the legal successor to the old Studebaker and Packard auto companies and had some auto parts operations, and Cooper made additional acquisitions in that area including Moog Automotive and Champion Spark Plug, but ultimately sold its automotive operations to Federal-Mogul. In the 1990s first Gardner-Denver was spun off and then the entire remaining Petroleum & Industrial Equipment segment was separated out as Cooper Cameron Corporation, including all remaining product lines from the company's first 134 years and more recent acquisitions in that area such as Cameron Iron Works. Cooper Cameron subsequently sold the Mount Vernon operations to Rolls-Royce plc, whose chairman remained a director of Cooper Industries. Today the company operates in the electrical equipment and tool industries. In 2001 they weathered a takeover bid from Danaher Corporation. On the 8th of September 2009 Cooper Industries was removed from the S&P500 index due to relocation of head quarters to Ireland. It was replaced in the S&P500 by Airgas. [edit] DivisionsCooper is divided into two major industries and eight divisions make up the company:
[edit] Cooper LightingCooper Lighting, headquartered in Peachtree City, Georgia, is one of the leading manufacturer of track and recessed lighting in North America and one of the largest fixture manufacturers of incandescent, fluorescent, H.I.D., exit and emergency, vandal resistant, sports, landscape and complex environment lighting. Cooper Lighting consists of thirteen strong brands with ten manufacturing facilities throughout the U.S., Canada and Mexico. [edit] Cooper BussmannCooper Bussmann is a wholly owned division of Cooper Industries, Inc (NYSE: CBE) and is headquartered in St. Louis, Missouri. Cooper Bussmann manufactures a wide variety of North American and European-styled fuses for the electrical, electronics and transportation industries, plus inductors and transformers for electronic applications. Cooper Bussmann also offers engineering, training and testing services including downtime reduction, workplace safety and Code compliance. Cooper Bussmann History
[edit] Cooper Power SystemsCooper Power Systems designs and manufactures medium and high voltage electrical equipment, components and systems such as transformers. Cooper Power Systems also provides software, communications and integration solutions. Cooper Power Systems is headquartered in Waukesha, Wisconsin. The division's products include transformers, capacitors, voltage regulators, reclosers and sectionalizers, distribution switchgear, transformer fluids, distribution automation equipment, transformer components, components and protective equipment. Cooper Power Systems has plants in Pewaukee, Wisconsin, Waukesha, Wisconsin, South Milwaukee, Franksville, Wisconsin (Thomas A. Edison Technical Center),Olean, New York, Lumberton, Mississippi, and several others in the Southern United States, Guadalajara, Mexico, China and Taiwan [edit] Cooper Crouse-HindsHeadquartered in Syracuse, New York. With well over 100,000 products, Cooper Crouse-Hinds is a diversified worldwide manufacturer of electrical products. Offering a product line meeting light and heavy industrial applications with fittings, enclosures, apparatus and industrial motor controls, signals and alarms, industrial lighting and plugs, receptacles and intrinsically safe equipment for abusive, hazardous and corrosive environments and a line of products for commercial construction requirements. From modest upstate New York beginnings in 1897, Crouse-Hinds (a Division of Cooper Industries since 1981) has grown into a worldwide organization. [edit] Cooper ControlsCooper Controls, a sub-division of Cooper Lighting, is a global manufacturer of lighting controls with offices in USA, UK, China, and UAE. Under the umbreall of Cooper Controls, products are sold from the brands Greengate, iLight, iLumin, Light Factory, Lightprocessor, Zero88. As of 2009, Cooper's Greengate division has become their main entry into the US lighting controls market. The line was born from a merger and buyout of Novitas (est. 1986) and PCI Lighting Controls(est. 1982). Novitas is credited[citation needed] with inventing and patenting the technology that created the first ever automatic toggle switch (what would become known as an occupancy sensor). PCI had been a leading supplier of low-voltage lighting control panels for all of the United States. [edit] Cooper Industries CEOs
[edit] See also[edit] References[edit] External links
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