Cooper Industries Ltd., a manufacturer of fire detection
systems, emergency lighting and security equipment, has
announced the acquisition of Wheelock Inc., a provider of
fire safety and emergency communication products. Wheelock,
which is based in Long Branch, N.J., is privately held with
2005 revenues of approximately $46 million. Specifics of
the transaction were not disclosed.
“With its strong history of innovation, Wheelock
provides a strategic extension to our European portfolio
with products specifically designed and manufactured for
the U.S. market,” says Cooper Industry Chairman and CEO
Kirk Hachigian. “We can now offer an even broader range of
products that meet UL, IEC and other major electrical
standards to customers and distributors in our
international distribution network, including the
multistandard Asia and Middle Eastern markets. This
acquisition augments our global reach with new Cooper
products that meet fire safety, electronic security and
emergency lighting requirements for every region of the
world.”
Wheelock will become part of Cooper Menvier, which is
based in the United Kingdom. This will enhance Cooper’s
core product offerings in fire safety and security
detectors, panels and signaling devices. Prior to the
acquisition, Wheelock provided Cooper with UL-approved
products.
