Thomas & Betts Corporation

Type: Company
Name: Thomas & Betts Corporation
First reported 17 hours ago - Updated 17 hours ago - 1 reports

Local manufacturing history exhibit opens

DAYTONA BEACH — The VMA manufacturing alliance and the Halifax Historical Society have opened an exhibit chronicling the growth of the area’s manufacturing sector, from the 1700s to present.The exhibit, at the Halifax Historical Museum in downtown Daytona ... [Published Daytona Beach News Journal - 17 hours ago]
First reported 21 hours ago - Updated 21 hours ago - 1 reports

Thomas & Betts brochure highlights engineered solutions for renewable energy facilities

The T&B brochure is organized around product groupings that provide solutions to specific challenges encountered in renewable energy facilities, such as safety, cost reduction and continuous operation, among others.Thomas & Betts’ brochure, “Electrical ... [Published Windpower Engineering Development - 21 hours ago]
First reported Jul 23 2014 - Updated Jul 23 2014 - 1 reports

ABB still dogged by problems in power systems

Charges linked to costly delays to offshore wind and solar power projects pushed ABB's second-quarter earnings below forecasts, sending its shares down 2 percent on Wednesday.Like many of its rivals, the Swiss company is suffering from a lack of large ... [Published 4 Traders - Jul 23 2014]
First reported Jul 17 2014 - Updated Jul 17 2014 - 2 reports

Thomas & Betts Brochure Highlights Engineered Solutions for Renewable Energy Facilities

– Thomas & Betts (T&B)’s brochure, “Electrical Solutions for Renewable Energy,” outlines the company’s product solutions for wind farms and solar voltaic systems that support safe and continuous operation, reduce costs and protect distribution system ... [Published Thomas & Betts - Jul 17 2014]
First reported Jul 17 2014 - Updated Jul 17 2014 - 1 reports

DTS lighting products featured in on-line catalogue

Those involved in the design, installation, operation, maintenance of industrial lighting or electrical systems will find the Thomas & Betts product catalogue essential. It covers the DTS range of lighting, boxes, cabinets and enclosures as well as ... [Published Voltimum - Jul 17 2014]
First reported Jul 10 2014 - Updated Jul 10 2014 - 1 reports

Thomas & Betts Brochure Highlights Engineered Solutions for Rail Industry Applications

– Thomas & Betts (T&B)’s brochure, “Electrical Solutions for the Rail Industry,” outlines the company’s product solutions for the electrical systems used in railway industry manufacturing, construction, and maintenance, repair and operation (MRO). The ... [Published Thomas & Betts - Jul 10 2014]
First reported Jul 09 2014 - Updated Jul 09 2014 - 1 reports

Thomas & Betts plant manager to speak

DELAND — Rick Hall, manager of the Thomas & Betts electrical connector manufacturing plant in Ormond Beach, will give a talk at a VMA manufacturing alliance meeting on Aug. 7.The event, part of the alliance’s CEO speaker series, will be from 5:30 to 8 ... [Published Daytona Beach News Journal - Jul 09 2014]
First reported Jul 06 2014 - Updated Jul 06 2014 - 1 reports

ABB divesting Meyer Steel Structures business of Thomas & Betts

- ABB has signed an agreement to divest the Meyer Steel Structures business of Thomas & Betts for $600 million to Trinity Industries Inc. The all-cash transaction is expected to close in Q3 2014, subject to regulatory clearance.ABB says it is divesting ... [Published Electrical Business - Jul 06 2014]
First reported Jul 01 2014 - Updated Jul 01 2014 - 1 reports

Trinity Industries Inc to acquire Meyer Steel Structures assets of Thomas & Betts Corporation

Deals Trinity Industries Inc has agreed to acquire the Meyer Steel Structures Assets of Thomas & Betts Corporation for a total consideration of $600 million.Value: $600 millionAnnounced: June 27 2014Parties involvedLegal advisersTrinity Industries In ... [Published International Law Office - Jul 01 2014]
First reported Jun 30 2014 - Updated Jun 30 2014 - 3 reports

ABB to Vend Thomas & Betts' Steel Biz to Trinity Industr…

In an attempt to streamline its portfolio, ABB Ltd. ( ABB - Analyst Report ) has decided to vend Thomas & Betts’ Meyer Steel Structures business to Trinity Industries Inc. (TRN). This all-cash deal is valued at $600 million and is expected to close ... [Published Zacks.com - Jun 30 2014]
First reported Jun 30 2014 - Updated Jun 30 2014 - 2 reports

Fitch: Meyer Acquisition Increases Diversification for Trinity

NEW YORK--(BUSINESS WIRE)--Trinity Industries Inc. (TRN) is poised to strengthen its overall credit profile via its $600 million acquisition of Meyer Steel Structure, according to Fitch Ratings. Meyer was a subsidiary of ABB Ltd and previously of Thomas ... [Published Business Wire Professional Services News - Jun 30 2014]
First reported Jun 27 2014 - Updated Jun 28 2014 - 23 reports

Trinity buys steel company for $600M

Trinity Industries Inc. is acquiring Meyer Steel Structures for $600 million from Thomas & Betts Corp., a unit of power and automation technology group ABB Ltd.Dallas-based Trinity, which manufactures steel-heavy products such as railcars, barges and ... [Published News-Journal - Jun 28 2014]

Quotes

"We still aim to get this business to profitability and we still aim to get this to break-even within this year" he said
...SecuritySecurity service offerings," said Siegfried Russwurm , a member of the managing board of Siemens AG and CEO of Siemens Industry Sector. "This will further strengthen our leading position in automation and drive technologies by providing additional security solutions and services to our industrial customer base."
Other recent HVAC deals include Source Refrigeration & HVAC Inc. "s purchase of Service Refrigeration Co. , and Nortek Inc." s (Nasdaq: NTK) deal for the HVAC business of Thomas & Betts Corp. for $260 million
He added, "Given that this business is moderately cyclical in comparison to TRN's rail business, we are encouraged by the idea of more stable cash flows from Meyer. Additionally, we suspect that steel costs associated with Meyer could be handled similarly to TRN's other businesses through supplier commitments and contractual price escalation provisions."

More Content

All (67) | News (51) | Reports (0) | Blogs (11) | Audio/Video (0) | Fact Sheets (3) | Press Releases (2)
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Local manufacturing history exhibit opens [Published Daytona Beach News Journal - 17 hours ago]
Thomas & Betts brochure highlights engineered s... [Published Windpower Engineering Development - 21 hours ago]
ABB still dogged by problems in power systems [Published 4 Traders - Jul 23 2014]
Bulletin Board - June and July 2014 [Published Electrical Wholesaling - Jul 22 2014]
Bulletin Board - July 2014 [Published Electrical Wholesaling - Jul 22 2014]
Thomas & Betts Brochure Highlights Engineered S... [Published Thomas & Betts - Jul 17 2014]
DTS lighting products featured in on-line catal... [Published Voltimum - Jul 17 2014]
New T&B Brochure Highlights Engineered Solution... [Published Electrical Wholesaling - Jul 17 2014]
OBITUARY: Martin "Marty" Joseph Kelly [Published Iowa City Patch - Jul 16 2014]
Giants of Our Times [Published Electrical Wholesaling - Jul 15 2014]
Martin Kelly [Published Cedar Rapids Gazette - Jul 15 2014]
Thomas & Betts Brochure Highlights Engineered S... [Published Thomas & Betts - Jul 10 2014]
Thomas & Betts plant manager to speak [Published Daytona Beach News Journal - Jul 09 2014]
NORTEK : Business briefs [Published 4 Traders - Jul 07 2014]
ABB divesting Meyer Steel Structures business o... [Published Electrical Business - Jul 06 2014]
Watsco Increases Stake in Carrier Enterprise fo... [Published Mergers & Acquisitions - Jul 03 2014]
Trinity Industries Inc to acquire Meyer Steel S... [Published International Law Office - Jul 01 2014]
Analyst: Thumbs up to Trinity Industries buy [Published Railway Age - Jun 30 2014]
ABB to Vend Thomas & Betts' Steel Biz to Trinit... [Published Zacks.com - Jun 30 2014]
Fitch: Meyer Acquisition Increases Diversificat... [Published CW 50 Detroit - Jun 30 2014]
Fitch: Meyer Acquisition Increases Diversificat... [Published Business Wire Professional Services News - Jun 30 2014]
Fitch: Meyer Acquisition Increases Diversificat... [Published Business Wire Manufacturing News - Jun 30 2014]
UPDATE: Stifel Reiterates On Trinity Industries... [Published Benzinga.com - Jun 30 2014]
Thomas & Betts sells its Meyer Steel Structures... [Published Electrical Wholesaling - Jun 30 2014]
Lisa Thomas [Published Memphis Daily News - Jun 29 2014]
Trinity buys steel company for $600M [Published News-Journal - Jun 28 2014]
Trinity hits high on Meyer buy [Published Yahoo! Finance - Jun 28 2014]
Trinity Industries to acquire Meyer Steel Struc... [Published Business First of Buffalo - Jun 27 2014]
Trinity to Buy Electric Steel Structures Maker ... [Published Dow Jones Financial Information Services - Jun 27 2014]
Dallas company to acquire Meyer Steel Structures [Published BizTimes Milwaukee - Jun 27 2014]
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Blogs

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Fitch: Meyer Acquisition Increases Diversificat... [Published Business Wire Professional Services News - Jun 30 2014]
NEW YORK--(BUSINESS WIRE)--Trinity Industries Inc. (TRN) is poised to strengthen its overall credit profile via its $600 million acquisition of Meyer Steel Structure, according to Fitch Ratings. Meyer was a subsidiary of ABB Ltd and previously of Thomas ...
Fitch: Meyer Acquisition Increases Diversificat... [Published Business Wire Manufacturing News - Jun 30 2014]
NEW YORK--(BUSINESS WIRE)--Trinity Industries Inc. (TRN) is poised to strengthen its overall credit profile via its $600 million acquisition of Meyer Steel Structure, according to Fitch Ratings. Meyer was a subsidiary of ABB Ltd and previously of Thomas ...
ABB sells Meyer to Trinity [Published BvDEP Zephyr Editorial News - Jun 27 2014]
Swiss robotics and power and automation company ABB is handing over the Meyer steel structures business housed with Thomas & Betts to Trinity Industries for USD 600.00 million in cash.... ...
ABB to divest Meyer Steel Structures business o... [Published ABB: ABB Group/ABB Group/Press release/Global/E ... - Jun 27 2014]
2014-06-27 - Divestment in line with ABB’s commitment to continuous portfolio optimization ...
Trinity Industries, Inc. Announces Agreement to... [Published EON Energy - Jun 27 2014]
DALLAS--(EON: Enhanced Online News)--Trinity Industries, Inc. (NYSE: TRN) today announced that it has entered into an agreement to acquire the assets of Meyer Steel Structures (“Meyer”), the utility steel structures division of Thomas & Betts Corporation, ...
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Press Releases

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Nortek Completes Acquisition of Thomas & Betts'... [Published Financial Services - Apr 30 2014]
Nortek Positions Itself as Major Air Management... [Published Financial Services - Mar 21 2014]
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