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Professional Electric Products history
Professional Electric Products company history timeline
Pepco was founded in 1968 and currently has six branch locations throughout the state of Ohio.
He was named Emerson's vice chairman and CEO in 1973, and chairman the following year.
The company entered the electric-utility supply business for the first time in 1975 with the purchase of A.B. Chance Company.
Similarly, Emerson made a strong entry into the industrial measurement and process control business in 1976 by buying Rosemount, Inc.
In December 1986, the company purchased Hazeltine, Inc., a leader in state-of-the-art defense electronics components and systems.
1986: The firm acquires Copeland Corporation and Hazeltine Inc.
However, in 1988, two officials at the newly acquired Hazeltine unit were indicted on charges of fraud.
In fact, in 1990 alone, the firm acquired ten companies including French concern Leroy-Somers SA and CESET, an Italian manufacturer of appliance motors.
In 1992, the firm entered into a joint venture with Germany-based Robert Bosch GmbH to produce power tools.
By 1995, revenues had increased to over $10 billion.
1997: Net sales exceed $12.5 billion.
In October of 2000, David N. Farr was named CEO while Knight remained chairman and James G. Berges was elected president.
With businesses in over 150 countries, the company's international sales reached $6.2 billion in 2001--40 percent of company sales.
© 2015 PEPCO, All rights reserved
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Professional Electric Products competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Gross Electric | 1910 | $8.1M | 50 | - |
| Hunt Electric | 1965 | $106.8M | 600 | 91 |
| Koontz Electric | 1958 | $20.0M | 300 | - |
| Fastrac Electric | 1989 | $19.0M | 200 | - |
| A. M. P. Electric, Llc | - | $580,000 | 7 | - |
| Power Electric | 1986 | $5.1M | 50 | - |
| Prime Electric | - | $200,000 | 7 | 39 |
| Adkins Electric | 1977 | $24.8M | 50 | 11 |
| SENTRY ELECTRIC | 1979 | $440,000 | 10 | - |
| Miller Electric | 1928 | $470.0M | 3,000 | 179 |
Professional Electric Products history FAQs
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Professional Electric Products may also be known as or be related to Professional Electric Products, Professional Electric Products Company (PEPCO) and Professional Electric Products Company (pepco).