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nVent to Acquire ECM Industries

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Rhea-AI Summary
ECM Industries, LLC has been acquired by nVent Electric plc. nVent is a global provider of electrical connection and protection solutions. ECM Industries will join the Electrical Fastening and Solutions segment and continue to operate from its existing locations.
Positive
  • ECM Industries has been acquired by nVent Electric plc, a leading global provider of electrical solutions. This acquisition could lead to increased growth and expansion opportunities for ECM Industries.
  • nVent's focus on electrification and high-growth verticals could positively impact ECM Industries' customers, suppliers, and employees.
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NEW BERLIN, Wis., May 18, 2023 /PRNewswire/ -- ECM Investors, LLC, the parent company of ECM Industries, LLC, announced today it has been acquired by nVent Electric plc (NYSE: NVT) ("nVent"). nVent is a leading global provider of electrical connection and protection solutions. With a team of 10,000+ people at more than 130 sites around the world, nVent designs, manufactures, markets, installs and services high-performance products and solutions that connect and protect mission critical equipment, buildings and essential processes. nVent has industry-leading brands that are recognized globally for quality, reliability and innovation, including nVent CADDY, ERICO, HOFFMAN, RAYCHEM, SCHROFF and TRACER. Its management office is in St. Louis Park, Minnesota.

Mike Masino, CEO of ECM Industries, stated, "We are excited to be joining the nVent family of brands.  nVent's focus on the electrification of everything, high-growth verticals, global expansion and complimentary products will benefit ECM Industries' customers, suppliers and employees."

ECM Industries will join the Electrical Fastening and Solutions segment. ECM will continue to operate its sales, engineering, operations and all customer support functions from its existing locations.

About ECM Industries

ECM is a global manufacturer and supplier of electrical products for construction and maintenance, irrigation and landscape supply and utility markets. The ECM Industries portfolio consists of leading brands ILSCO, Utilco, Gardner Bender, Sperry Instruments, Bergen Industries and King Innovation. These brands have been supplying electricians, do-it-yourselfers, contractors, and maintenance technicians with a wide variety of innovative products for over 125 years. The ECM brands are widely stocked and distributed through leading wholesalers, retailers, catalogs and e-commerce distributors. For more on ECM Industries please visit  www.ecmindustries.com.

About nVent:

nVent is a leading global provider of electrical connection and protection solutions. We believe our inventive electrical solutions enable safer systems and ensure a more secure world. We design, manufacture, market, install and service high performance products and solutions that connect and protect some of the world's most sensitive equipment, buildings and critical processes. We offer a comprehensive range of enclosures, electrical connections and fastening and thermal management solutions across industry-leading brands that are recognized globally for quality, reliability and innovation. Our principal office is in London and our management office in the United States is in Minneapolis. Our robust portfolio of leading electrical product brands dates back more than 100 years and includes nVent CADDY, ERICO, HOFFMAN, RAYCHEM, SCHROFF and TRACER. Learn more at www.nvent.com.

nVent, CADDY, ERICO, HOFFMAN, RAYCHEM, SCHROFF and TRACER are trademarks owned or licensed by nVent Services GmbH or its affiliates.

For further information:
David Hackbarth
Marketing Manager - ECM Industries
262.317.8782
David.Hackbarth@ecmindustries.com

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/nvent-to-acquire-ecm-industries-301829071.html

SOURCE ECM Industries

FAQ

Who acquired ECM Industries?

nVent Electric plc acquired ECM Industries.

What does nVent Electric plc do?

nVent Electric plc is a global provider of electrical connection and protection solutions.

What segment will ECM Industries join?

ECM Industries will join the Electrical Fastening and Solutions segment.

Will ECM Industries continue to operate from its existing locations?

Yes, ECM Industries will continue to operate its sales, engineering, operations, and customer support functions from its existing locations.

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Electrical Equipment & Parts
Special Industry Machinery (no Metalworking Machinery)
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