History of Cooper Industries
Cooper Industries origins extend back more than 170 years to
a small iron foundry in Mount Vernon, Ohio, started by brothers
Charles and Elias Cooper in 1833. Today, Cooper Industries has
become a leading worldwide manufacturer of electrical products
and tools and hardware.
For the first 125 years of its history, Cooper was primarily a
one-market company, manufacturing power and compression equipment
for the transmission of natural gas. In the 1960s, Cooper began to
diversify, eventually broadening its product lines to include
petroleum and industrial equipment, electrical products, electrical
power equipment, automotive products, tools and hardware.
Although diversification served Cooper well for approximately 30
years, the economic realities of the 1990s made it clear Cooper's
strategy had to change. To thrive in today's increasingly
competitive global marketplace, Cooper began to focus on becoming
a larger player in selected markets, selling and spinning off a
number of businesses to focus on two core business segments:
Electrical
Products and Tools.
Cooper Industries, Ltd. is a global manufacturer, with 2007 revenues of $5.9 billion, approximately 87 percent of which are from electrical products. Incorporated in Bermuda with administrative headquarters in Houston, Cooper employs approximately 31,000 people and operates eight divisions: Cooper B-Line, Cooper Bussmann, Cooper Crouse-Hinds, Cooper Lighting, Cooper Safety, Cooper Power Systems, Cooper Wiring Devices and Cooper Tools Group. Cooper Connection provides a common marketing and selling platform for Cooper's sales to electrical distributors.