Coopers Industries

Cooper Industries NYSE: CBE is an American partnership based on Houston, Texas. It produces transformers, tools and electrical equipment in general. It employs 29,000 staff around the world and had revenues in 2007 for $5.9 billion dollars. It is one of the oldest large-scale companies in United States having been founded in 1833. In 2001 they weathered a takeover bid from Danaher skunk which delayed the reincorporation plan. In 2005 Kirk S. Hachigian replaced H. John Riley Jr as CEO. History Incorporated in Ohio as The C. & G. Cooper Company in 1895, it obtained a refreshing charter in Ohio in 1919 that lasted until reincorporation in Bermuda for tax reasons took notion in 2002. In that time the company changed enormously. Originally the company had been a foundry powered by a horse, provided they bought their first steam engine in 1842 and were soon do engines themselves. A leading producer of Corliss steam engines in the nineteenth century, they switched in the early 20th century to making compressors, and became Cooper-Bessemer mass in a 1929 merger, before continuing diversification lead to the Cooper Industries name being adopted in 1965.

In 1967 the company entered the hand tool business by getting Lufkin Rule, a maker of measuring instruments, and subsequently added a large number of other hand tool businesses. In the seventies 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 hightail it 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 Westinghouses lighting division in 1982, made electrical products the largest part of the company, which has remained the case ever since. McGraw-Edison had been... If you expect to get a full essay, order it on our website: Orderessay

Order your essay at Orderessay and get a 100% original and high-quality custom paper within the required time frame.