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Cooper Industries : ウィキペディア英語版
Cooper Industries

Cooper Industries is an American worldwide electrical products manufacturer with 2011 revenues of $5.4 billion. Founded in 1833, the company has seven operating divisions including Bussmann electrical and electronic fuses; Crouse-Hinds and CEAG explosion-proof electrical equipment; Halo and Metalux lighting fixtures; and Kyle and McGraw-Edison power systems products. With this broad range of products, Cooper is positioned for several long-term growth trends including the global infrastructure build-out, the need to improve the reliability and productivity of the electric grid, the demand for higher energy-efficient products and the need for improved electrical safety. In 2011 fifty-nine percent of total sales were to customers in the industrial and utility end-markets and forty percent of total sales were to customers outside the United States. Cooper has manufacturing facilities in 23 countries as of 2011.〔(Cooper Industries ) Official website〕
On November 26, 2012, it was announced that the company will be replaced in the S&P 500 index.
== History ==
Cooper Industries was founded in 1833 by brothers Charles and Elias Cooper. The company started as a foundry located in Mt. Vernon, Ohio and was initially called the C&E Cooper Company. Cooper's initial product offerings included plows, hog troughs, kettles and stoves. By the mid-nineteenth century, the company had shifted its focus to manufacturing steam engines in hopes of leveraging the country's growing trend towards rail transportation. It was during this period that the Company developed the Cooper Traction Engine, an innovation that is credited for helping to power the shift of the United States from an agrarian to an industrial society.
As the use of steam power declined in the late 1800s, Cooper again shifted its focus, this time to gas engine technology. By the time the 20th century arrived, Cooper Industries had become the American leader in pipeline compression engines, products that enabled the development of the growing oil and gas industry. This period was also highlighted by a merger with Bessemer Gas Engine Company, which is still referenced to this day in Cooper's stock symbol (CBE).
In the 1940s, Cooper played a role in the U.S. World War II effort, supplying engine components that powered almost all of the ships in the Navy's minesweeper fleet, as well as the famous Liberty Ships, which carried 75% of the cargo used by Allied armed forces. After the war, Cooper again embarked on an effort to diversify itself in a changing world economy. As the company looked to increase its product portfolio, Cooper expanded its offering into electrical products, electrical power equipment, automotive products, tools and hardware. Cornerstone acquisitions during this period included Crouse-Hinds (1981) and McGraw-Edison (1985).
In the last decade of the 20th century, Cooper underwent a period of portfolio rationalization, reducing its exposure to more cyclical industries such as automotive and petroleum. Ultimately, Cooper emerged focused on the two business segments that remain in the portfolio today – Electrical Products Group and Energy and Safety Solutions.〔(Cooper Industries ) Official website〕 On May 23, 2002, Cooper Industries Inc had completed reincorporation in Bermuda from Ohio.
In Feb 2008, Cooper Industries announced its acquisition of MTL Instruments Group.〔(【引用サイトリンク】title= Cooper Announces the Acquisition of MTL Instruments Group plc )〕 On November 30, 2012, Eaton announced its completion of acquisition of Cooper Industries.〔http://www.eaton.com/Eaton/OurCompany/NewsEvents/NewsReleases/PCT_428107 Eaton News Release〕
The $13 billion acquisition of Cooper, the largest in Eaton's 101-year history, was intended to transform milestone that expands market segment reach, broadens portfolio of products, services, and solutions, and strengthens the global geographic footprint, according to Eaton chairman and chief executive officer Alexander M. Cutler.

抄文引用元・出典: フリー百科事典『 ウィキペディア(Wikipedia)
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