MacLean Power Systems buys polymer cutout business

Chicago, March 24, 2010 – S&C Electric Company and MacLean Power Systems entered into a definitive agreement whereby MPS will acquire certain assets related to S&C’s polymer fuse cutout line and will be granted by S&C the exclusive rights to market and sell porcelain fuse cutouts in the U.S. and Canada.

The transaction is expected to close by April 16, 2010.

Type XS porcelain fuse cutouts will continue to be manufactured by S&C in their Suzhou, China facility and sold exclusively by MPS in the U.S. and Canada under the MPS brand name.

The assets related to the Type XS polymer fuse cutout will be relocated to MPS’s York, S.C. facility.

The addition of fuse cutouts to MPS’s product offering is in response to customer requests for MPS to provide a more complete market basket for distribution line construction. The fuse cutout better aligns

MPS with the competition and positions MPS to provide improved supply chain economies.

For polymer fuse cutouts specifically, the agreement combines S&C’s fuse cutout expertise with MPS’s capabilities in silicone rubber insulator design and manufacturing.

Until the agreement closes on April 16, 2010, MPS and S&C will conduct business as usual.

Privately held MacLean Power Systems, a MacLean-Fogg Company, is a manufacturer of products used by utilities for building communication, transmission and distribution lines and power substations.

With global raw material sourcing capabilities, MPS produces over 10,000 items for the power, communication and civil construction markets. Through innovation, quality and service, the MPS mission is to provide products and services that support the delivery of reliable power.

S&C Electric Company, headquartered in Chicago, is applying its heritage of innovation to address challenges facing the world’s power grids and thus shaping the future of reliable electricity delivery. The mission of the employee-owned company is to develop new solutions for electricity delivery, fostering the improved efficiency and reliability required for the intelligent grid.

 

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