Cooper Industries

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Cooper Industries — overview

Assets Under Management

Type

Corporate Investor

Location

Houston, TX, US

Alternative Asset Classes

PE

About

Cooper Industries was established in 1833 as an iron foundry in Mount Vernon, Ohio. It was formed by Charles and Elias Cooper. Cooper Industries is a worldwide manufacturer of electrical products, tools and hardware. In the 1990s, Cooper began to focus on becoming a larger player in selected markets, selling and spinning off a number of businesses to focus on two core business segments: Electrical Products and Tools. From being a one-market company from its inception and then beginning to diversify in the 1960s, Cooper decided to adjust its focus and direction. In 2007, Cooper Industries had revenues of over USD 5.9 billion, 87% of which was from electrical products. Cooper Industries was incorporated in Bermuda, and has its headquarters in Houston, Texas. Cooper employs approximately 31,000 people and operates eight divisions: Cooper B-Line, Cooper Bussmann, Cooper Crouse-Hinds, Cooper Lighting, Cooper Safety, Cooper Power Systems, Cooper Wiring Devices and Cooper Tools Group. Cooper Connection provides a common marketing and selling platform for Cooper's sales to electrical distributors. On November 30, 2012, Eaton has completed its acquisition of Cooper Industries.

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