Thomas & Betts Corporation

Type: Company
Name: Thomas & Betts Corporation
First reported Apr 18 2014 - Updated Apr 18 2014 - 1 reports

ABB Divests T&B HVAC Unit, Invests in Motors

ABB, Zurich, Switzerland, has signed an agreement to divest the heating, ventilation and air-conditioning (HVAC) business it acquired in 2012 as part of Thomas & Betts in a $260 million all-cash deal. Separately, ABB also said it will invest in advanced ... [Published Electrical Wholesaling - Apr 18 2014]
First reported Apr 15 2014 - Updated Apr 15 2014 - 1 reports

Thomas & Betts Brochure Addresses Electrical System Challenges in Petroleum Processing Facilities

– Thomas & Betts (T&B)’s brochure, “Electrical Solutions for the Oil and Gas Industries” provides product solutions for challenges typically encountered in upstream, midstream and downstream petroleum processing facilities. The brochure provides product ... [Published Thomas & Betts - Apr 15 2014]
First reported Apr 15 2014 - Updated Apr 15 2014 - 1 reports

T&B® Rigid Fittings BlueKote® Universal Conduit Elbow Form 8 Offers Four-to-One SKU Reduction

– The new, patent-pending T&B® Rigid Fittings BlueKote® Universal Conduit Elbow (LU) Form 8 from Thomas & Betts (T&B) replaces four conduit body configurations, resulting in a four-to-one reduction of stock-keeping units (SKUs). The T&B® Rigid Fittings ... [Published Thomas & Betts - Apr 15 2014]
First reported Apr 14 2014 - Updated Apr 14 2014 - 1 reports

ABB Divests Thomas & Betts

ZURICH — ABB announced it has signed an agreement to divest the Thomas & Betts HVAC business for $260 million in an all-cash transaction to Nortek Inc. The sale is expected to close in the second quarter of 2014, subject to regulatory clearance. ABB said ... [Published ACHR News - Apr 14 2014]
First reported Apr 08 2014 - Updated Apr 08 2014 - 1 reports

ABB to sell its Thomas & Betts HVAC business

ABB has announced that it is seeking to sell a number of non-core businesses in deals that might raise over £0.6 billion. One of these is Thomas & Betts’ HVAC business, which ABB only bought two years ago for £2.3 billion. Why? James Hunt reports:Thomas ... [Published Voltimum - Apr 08 2014]
First reported Apr 02 2014 - Updated Apr 02 2014 - 1 reports

Thomas & Betts: Mobile iPad Application

FILED IN: Information ManagementT&B Mobile 2.0 features a new tools button to retrieve literature, view videos and even barcodes on product packaging.In addition to the new tools button for literature and video, the upgrade features an expanded favorites ... [Published Automation World - Apr 02 2014]
First reported Apr 01 2014 - Updated Apr 01 2014 - 1 reports

Thomas & Betts Professionals to Deliver Presentation at “Marketing to Engineers”

– Thomas & Betts Marketing Manager Brit Buchanan and Applications Engineer Leonard Salamida will deliver a presentation, at the “Marketing to Engineers” event to be held March 31 in Chicago. The presentation, “Integrating the Marketing and Engineering ... [Published Thomas & Betts - Apr 01 2014]
First reported Apr 01 2014 - Updated Apr 01 2014 - 1 reports

ABB to sell Thomas & Betts HVAC business

Zurich, Switzerland – ABB, a power and automation technology group, has signed an agreement to divest its Thomas & Betts’ heating, ventilation and air conditioning (HVAC) business for US$260 million in an all-cash transaction to Nortek Inc., Providence, ... [Published MRO-Esource.com - Apr 01 2014]
First reported Mar 24 2014 - Updated Mar 24 2014 - 3 reports

ABB to Divest Thomas & Betts' HVAC Biz

This page is temporarily not available.  Please check later as it should be available shortly. If you have any questions, please email customer support at support@zacks.com or call 800-767-3771 ext.  9339.Recently, ABB Ltd. ( ABB - Snapshot Report ) ... [Published Zacks.com - Mar 24 2014]
First reported Mar 21 2014 - Updated Mar 22 2014 - 5 reports

ABB sells off Thomas & Betts HVAC business to Nortek

ABB has sold the heating, ventilation and air conditioning (HVAC) business of Thomas & Betts – the company it acquired in 2012 – to Nortek, a Providence, Rhode Island-based manufacturer of home and office solutions.Nortek has agreed to buy the assets ... [Published Datacenter Dynamics - Mar 22 2014]
First reported Mar 21 2014 - Updated Mar 21 2014 - 3 reports

UPDATE 1-ABB to sell heating ventilation business to Nortek for $260 mln

* To sell Thomas & Betts' heating, ventilation and AC unit * Sale expected to close in second-quarter * New CEO Spiesshoffer divesting non-core businesses (Adds details) ZURICH, March 21 ... ... [Published Big News Network - Mar 21 2014]
First reported Mar 21 2014 - Updated Mar 21 2014 - 6 reports

Nortek Agrees to Buy Thomas & Betts's HVAC Business

DBR High Yield ,,(c) 2014 Dow Jones & Company, Inc.Nortek Inc. on Friday said it has agreed to buy Thomas & Betts Corp.'s heating, ventilation and air conditioning business for about $260 million in cash."Acquiring this business will enable us to extend ... [Published Dow Jones Financial Information Services - Mar 21 2014]

Quotes

...Thomas & Betts Power Solutions. In that case, the Seventh Circuit explained, "In the absence of successor liability, a violator of the [FLSA] could escape liability, or at least make relief much more difficult to obtain, by selling its assets without an assumption of liabilities by the buyer (for such an assumption would reduce the purchase price by imposing a cost on the buyer) and then dissolving."
Reporters obtained the following quote from the background information supplied by the inventors: "Various techniques are used to electrically interconnect two electrical components."
...adjacent segments of the HVAC market in the United States and Europe ," said Nortek President and Chief Executive Officer Michael J Clarke . "This business will help link three of our five major segments in the air management category, which include our Residential Ventilation (RESV), Residential Heating and Cooling (RHC) and Custom and Engineered Solutions (CES) segments. In the U S , we will be adding the well- respected Reznor brand and related products to those of Nordyne's residential and light commercial brands along with our other well- known brands, such as Broan, Mammoth and Huntair . In Europe , we will be complementing our Eaton-Williams business with the businesses of AmbiRad and Gaz Industrie . We look forward to welcoming T&B HVAC's global community of employees and customers into Nortek's growing worldwide enterprise."
...to the background information on this patent, VerticalNews correspondents also obtained the inventors' summary information for this patent: "The present invention provides a foundation system for electrical utility structures which minimizes impact on the chosen construction site, minimizes labor and minimizes associated installation costs. The present invention includes a structure that has a base and which is supported at the base by multiple helical piers which are driven into the ground and indirectly attached to the structure base by arm members. The arm members attach to the helical piers at their distal ends by a pin connection or a bolted connection. The arm members may be either elongated plate arms with gussets or pipe spacers for stiffening support or arm members which have polygonal cross-sections. The arm members attach to the base of the structure either by slotted, perpendicularly intersecting thru-plates which protrude from the walls at the base of the structure or by doubler assemblies which are welded to the outer walls at the base of the structure. If doubler assemblies are used to connect the arms to the base of the structure, stiffening rings may also be used in conjunction with the doubler assemblies in order to provide lateral support and resistance to local buckling, punching shear or torsional forces. A pin connection or a bolted connection may be used to attach the arms to the base of the structure using either of the previously described methods."

More Content

All (60) | News (55) | Reports (0) | Blogs (1) | Audio/Video (0) | Fact Sheets (3) | Press Releases (1)
sort by: Date | Relevance
ABB Divests T&B HVAC Unit, Invests in Motors [Published Electrical Wholesaling - Apr 18 2014]
Third Circuit holds that FLSA liability can be ... [Published Lexology - Apr 16 2014]
T&B® Rigid Fittings BlueKote® Universal Conduit... [Published Thomas & Betts - Apr 15 2014]
Thomas & Betts Brochure Addresses Electrical Sy... [Published Thomas & Betts - Apr 15 2014]
ABB Divests Thomas & Betts [Published ACHR News - Apr 14 2014]
Third Circuit Holds That FLSA Liability Can Be ... [Published Day Pitney - Apr 10 2014]
Patent Application Titled "Hermaphroditic Elect... [Published 4 Traders - Apr 10 2014]
NORTEK : to Acquire Thomas & Betts' HVAC Business [Published 4 Traders - Apr 09 2014]
ABB to sell its Thomas & Betts HVAC business [Published Voltimum - Apr 08 2014]
Voltimum Easter Egg Game 2014 - Win a TorqueVar... [Published Voltimum - Apr 07 2014]
The greatest ideas are often the simplest - Cab... [Published Easier - Apr 06 2014]
Thomas & Betts announces BlueKote Universal Con... [Published Automation.com - Apr 05 2014]
Patent Issued for Foundation System for Electri... [Published 4 Traders - Apr 03 2014]
Thomas & Betts: Mobile iPad Application [Published Automation World - Apr 02 2014]
Thomas & Betts Professionals to Deliver Present... [Published Thomas & Betts - Apr 01 2014]
ABB to sell Thomas & Betts HVAC business [Published MRO-Esource.com - Apr 01 2014]
FLSA Actions [Published LJN - Mar 31 2014]
Protecting with data [Published Railway Strategies - Mar 27 2014]
Hazardous Location Linear Fluorescent Lighting [Published New Equipment Digest - Mar 26 2014]
HESCO announces new website deployment [Published Prlog - Mar 25 2014]
Thomas & Betts Brochure Outlines Solutions for ... [Published Thomas & Betts - Mar 25 2014]
Hazlux® Hazardous Location Linear Fluorescent L... [Published Thomas & Betts - Mar 25 2014]
ABB to Divest Thomas & Betts' HVAC Biz [Published Zacks.com - Mar 24 2014]
Nortek to Buy Thomas & Betts Commercial HVAC Bu... [Published CEPro - Mar 24 2014]
ABB to sell Thomas & Betts HVAC business for $260m [Published DrivesControls - Mar 24 2014]
March 24, 2014: Nortek to Acquire Thomas & Bett... [Published ACHR News - Mar 24 2014]
ABB : Thomas & Betts International Assigned Patent [Published 4 Traders - Mar 24 2014]
Benzinga's Weekend M&A Chatter [Published Benzinga.com - Mar 23 2014]
Nortek to Acquire Thomas & Betts HVAC Business [Published Contracting Business.com - Mar 22 2014]
ABB sells off Thomas & Betts HVAC business to N... [Published Datacenter Dynamics - Mar 22 2014]
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ABB to divest Thomas & Betts HVAC business for ... [Published ABB: ABB Group/ABB Group/Press release/Global/E ... - Mar 21 2014]
2014-03-21 - Divestment in line with ABB’s commitment to continuous portfolio optimization ...
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Nortek Positions Itself as Major Air Management... [Published Financial Services - Mar 21 2014]
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