Circuit Breaker Sales Co., Inc., Gainesville, Texas, a dealer in new and used circuit breakers, switchgear and related components, has acquired the remains of historic breaker-maker Federal Pacific Equipment, Inc. (FPE), Brick, N.J....More
Stock prices of public companies in the electrical industry have performed well against the broad market indices over the past year and this year to date.
There were some clear standouts amongst the publicly held electrical stocks over the past year, with 16 stocks enjoying a stock price increase of more than 20% and seven stocks enjoying increases of or near 30% YTY: Generac Holdings Inc. (GNRC) (+79.5%); Federal Signal (FSS) (+70.3%); Cree Inc. (CREE) (+57.3%); Philips Electronics (PHG) (+55.6%); Pentair (+36.5%); Wolesley plc (WOS.L) (33.8%); and Hubbell Inc. (HUB-B) (+29.8%)....More
Wholesale distributors from every business line, and by extension business owners and executives from all walks of life, have a responsibility to continue growing profits, for the good of the nation, said Alan Beaulieu at last week's NAW Executive Summit....More
At the recent International Builders’ Show in Las Vegas, David Crowe, chief economist for the National Assocation of Home Builders (NAHB), Washington, D.C., said the housing upturn that took root last year is expected to pick up momentum in 2013, but that “headwinds” along a number of fronts could impede the pace of the recovery....More
Datalliance, Cincinnati, said Legrand North America has selected the Datalliance vendor managed inventory (VMI) program for its Wiremold product line. “Datalliance’s service model was a strong reason for our decision; our distributor base strongly recommended them and it allows for long term expansion across other Legrand businesses,” said Brian DiBella, Wiremold VP and GM....More
Shambaugh & Son, a subsidiary of Emcor Group Inc., Norwalk, Conn., has been awarded a contract by Cayuga Milk Ingredients to act as the design/build contractor for its new manufacturing facility in Auburn, N.Y. A press release announcing the contract said Shambaugh & Son will manage the design and construction of the 110,000-square-foot evaporator and dryer, vertically integrated manufacturing facility for Cayuga Milk Ingredients as well as for installation of its process equipment and utilities....More
K/E Electric Supply celebrated its 50/25 Anniversary at The Fillmore Detroit in grand fashion on Jan. 12th. More than 500 guests attended the semi-formal event, including customers, employees and vendors. The Caribbean-themed party, complete with a steel drum band and acrobatics by the Detroit Flyhouse, featured story boards telling the K/E story with photos of founder Wayne Kuchenmeister delivering electrical supplies at the front of the original 1962 wood building....More