Latest from Mag

Plenty of executive appointments over the past two weeks. Here’s Electrical Marketing’s expanded coverage of personnel changes in the electrical market.
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Wire man John Pasqual and lighting rep Jack Melnick
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Electrical product prices remained on their flat trend, showing no change from October and little change in almost all major product categories.
Dec. 21, 2012
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Privately-owned housing starts in November were at a seasonally adjusted annual rate of 861,000, 3% below the revised October estimate, but 21.6% above the Nov. 2011 rate.
Dec. 21, 2012
Dec. 21, 2012
Veteran reps form new agency in Raleigh; WinWholesale buys Lloyd Graves in Texas; United Electric Supply expands through acquisition; and more.
Dec. 21, 2012
W.W. Grainger Inc., Lake Forest, Ill., announced plans to purchase Techni-Tool Inc., Worcester, Pa., a 200-plus employee distributor supplying customers in the cable television...
Dec. 21, 2012
Kaman Industrial Technologies (KIT), the industrial distribution business Kaman Corp., Bloomfield, Conn., has built up in recent acquisitions of Minarik, Zeller Electric and others...
Dec. 21, 2012
New York Mayor Michael Bloomberg offered an update on the city’s plans to renovate its infrastructure to withstand future storms.
Dec. 7, 2012

Littelfuse To Increase Ownership Of Heinrich Industrie AG To 96.8 percent

Littelfuse Inc., Des Plaines, Ill., has signed an agreement for the purchase of an additional 10.1 percent of shares in Heinrich Industrie AG of Witten, Germany, to increase ownership to 96.8 percent.
Nov. 19, 2004

Littelfuse Inc., Des Plaines, Ill., has signed an agreement for the purchase of an additional 10.1 percent of shares in Heinrich Industrie AG of Witten, Germany, to increase ownership to 96.8 percent.

The company will purchase an additional 202,000 shares of Heinrich for approximately 4.8 million euros in a private transaction. After increasing ownership in Heinrich to 96.8 percent, the company said it intends to move forward with a process under German securities law to purchase all remaining shares.

Further strengthening its position in the worldwide circuit protection market, Littelfuse acquired an initial 82.4 percent ownership stake in Heinrich in May 2004 and initiated a tender offer for the remaining shares. The tender offer, which was completed in July, increased the company’s total ownership of Heinrich to 86.7 percent.