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Cooper Electric history
Cooper Electric company history timeline
Established in 1961 as a family owned business, Cooper Electric has serviced the New Jersey, New York and Pennsylvania markets for over 60 years.
Lured to the company from Standard Oil New Jersey (now Exxon) in 1961, Cizik started his career at Cooper as executive assistant for corporate development.
In 1964 it opened an office in Beirut and also formed a wholly owned British subsidiary, Cooper-Bessemer (U.K.), Ltd.
To better reflect its nature, it changed its name to Cooper Industries, Inc. in December, 1965.
When RTE received a patent on the 15 kV loadbreak elbow design in 1966, its potential growth was probably unrealized at the time.
Cooper acquired Lufkin Rule Company of Saginaw, Michigan, in 1967.
1976: The White Superior Engine division of the White Motor Company is purchased.
McGraw-Edison Power Systems joined Cooper in 1985.
Cooper's 1985 sales passed $3 billion.
1985: Cooper merges with McGraw-Edison Co. in a deal that nearly doubles its size and makes it one of the world's largest lighting manufacturers.
In 1988, Cooper acquired RTE Corporation, a Wisconsin-based manufacturer of electrical distribution equipment, and Beswick, a manufacturer of fuses and related products in the United Kingdom.
In 1994, Cooper Power Systems acquired Combined Technologies Inc. to expand their product offerings in current-limiting fuses.
In 1995, the firm spun off its petroleum and industrial equipment business, signaling the start of its new strategy.
By now, Coopers main two business segments--Electrical Products and Tools & Hardware--were securing nearly $4.5 billion in sales, up from $2.8 billion in 1995.
1997: Cooper completes eight acquisitions throughout the year.
During 1999, the firm acquired ten firms and significantly expanded its reach in European markets.
1999: The company--after years of strategic restructuring--operates with two key business segments: Electrical Products and Tools & Hardware.
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Cooper Electric competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Needham Electric | 1958 | $50.0M | 350 | - |
| Benfield | 1951 | $42.8M | 200 | 1 |
| Kauffman Engineering | 1973 | $119.3M | 125 | - |
| Service Wire | 1968 | $88.0M | 200 | 44 |
| Wire Tech | - | $21.4M | 100 | - |
| Sonepar USA | 1998 | $7.5B | 5,857 | 556 |
| BWI Companies | 1958 | $190.0M | 279 | 12 |
| Standard Electric | 1952 | $940,000 | 50 | - |
| Crescent Electric Supply | 1919 | $580.0M | 1,280 | 15 |
| Granite City Electric Supply Co. | 1923 | $215.3M | 200 | 56 |
Cooper Electric history FAQs
Zippia gives an in-depth look into the details of Cooper Electric, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Cooper Electric. The employee data is based on information from people who have self-reported their past or current employments at Cooper Electric. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Cooper Electric. The data presented on this page does not represent the view of Cooper Electric and its employees or that of Zippia.
Cooper Electric may also be known as or be related to Cooper Electric, Cooper Electric Supply, Cooper Electric Supply Co, Cooper Electric Supply Co. and Sonepar Management US, Inc.