Coopers Industries

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Title: Coopers Industries

Essay Details:

Subject: Business

Author: Bobbie R

Date: May 17, 2012

Level: University

Grade: A

Length: 3 / 695

Essay text:

A leading producer of Corliss steam engines in the 19th century, they switched in the early 20th century to making compressors, and became Cooper-Bessemer Corporation in a 1929 merger, before continuing diversification led to the Cooper Industries name being adopted in 1965. In 1967 the company entered the hand tool business by acquiring Lufkin Rule, a maker of measuring instruments, and subsequently added a large number of other hand tool businesses. In the 1970s they entered aircraft maintenance, but subsequently sold off Cooper Airmotive. In 1979 they bought Gardner-Denver Company, their largest acquisition up to that point, extending their range of products serving the energy industry, which had been a key market since they started making compressors and a catalyst for their move of corporate headquarters to Houston in 1967...

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