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Business briefs

Electrical Apparatus, Mar 2007 by Jones, Kevin

Sonepar USA subsidiary buys two distributors

Stuart C. Irby Co. of Jackson, Miss., a subsidiary of Sonepar USA, recently signed an agreement to acquire Burmelster Electric Co. of Minneapolis and High Voltage Testing Laboratories of Fargo, N.D. Burmeister was established in 1919 to serve utilities in the upper Midwest. While its initial focus has always been the supply and service of metering products, the company has grown in product offering and territory, now serving more than 700 utility accounts in eight states.

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High Voltage Testing Laboratories is a fully certified testing laboratory offering high-voltage test services and sales of personal protective equipment used by utility linemen and field service personnel in the industrial and contractor markets. Stuart C. Irby's parent company, Sonepar USA, is headquartered in Philadelphia. Its recent acquisition of two New Jersey distributors was mentioned in last month's "Business Briefs."

Dynamics Research moves to new facility

Dynamics Research Corp., manufacturer of balancing machines, has moved from Elyria, Ohio, to Richfield, Ohio, becoming the first occupant in the new Timberlake Business Park. Elyria and Richfield are both suburbs of Cleveland.

The company was founded 40 years ago and developed a balancer using a portable vibration analyzer. During the 70's and 80's, Dynamics Research developed balancing techniques for high-speed turbo compressors and other innovative products.

Baldor completes Reliance Electric buy

Baldor Electric Co., Fort Smith, Ark., manufacturer of motors, drives, and generators, has completed its purchase, reported in the December 2006 EA. of the Power Systems division of Rockwell Automation.

The acquisition includes Reliance Electric motors and Dodge mechanical power transmission products. Combining the operations extends the upper horsepower limit of Baldor motors from 1.500 to 15,000 hp. Baldor manufactures a line of variable-speed drives used with many of the motors produced by both Baldor and Reliance.

Mocap acquires Ohio drip molding business

Mocap, Inc., of St. Louis, a provider of vinyl dip molding, injection molding, tubing extrusion, and related services, has bought the Dip Molding Division of Steere Enterprises, Tallmadge, Ohio. All molding operations are being moved to Mocap's plant in Park Hills, Mo. The acquisition combines Steere's 57 years of dip molding experience with Mocap's 25 years of service. Steere's expertise has been custom dip moldings, while Mocap has been known for proprietary vinyl products. The acquisition makes the two technologies available from a single source.

Electrical industry confidence rises

The Electroindustry Business Confidence Index for current North American business conditions rebounded in January following two consecutive months of decline, reports the National Electrical Manufacturers Association, which compiled the data. At 41.3, January's mark falls short of the 50-point threshold indicating growth in the industry. "The result suggests that the rate of deterioration of electroindustry business conditions slowed considerably relative to December," according to the association. The Electroindustry Business Confidence Index gauges the business confidence of the electrical industry in Asia, Europe, North America, and Latin America. It is based on a monthly survey of senior managers at NEMA member companies.

Financial briefs

* Baldor Electric Co., Fort Smith, Ark., manufacturer of motors, drives, and generators, reports that fourth-quarter revenue rose 9.7% to $200.5 million from $ 182.7 million for the same period the prior year. Earnings for the period declined 39 cents per share, from $13.1 million to $12.2 million. The company noted that results from the previous year's quarter included a benefit of 5 cents per share from health insurance and tax adjustments.

* St. Louis electrical manufacturer Emerson Electric Co. said its fiscal first-quarter profit rose 12% while revenue rose 11% to $5.05 billion from $4.55 billion. Quarterly earnings increased to $445 million from $399 million. Sales from international operations rose 11%, while sales in the U.S. declined 2% on weakness in the residential air-conditioning market.

* John C. Dolph Co., a privately owned manufacturer of insulating materials based in Monmouth Junction, N.J., reports that corporate sales in 2006 hit another record, with a 13% increase in sales and an 18% increase in export sales.

Edited by Kevin Jones

Business briefs

Electrical Apparatus, Mar 2007 by Jones, Kevin

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