ABB to acquire Tupperware for US$3.9 billion

The ABB Group announced on January 30 that it will acquire the low voltage electrical equipment manufacturer Thomas & BettsCorp for US$3.9 billion. ABB will enter Tupperware's 6,000 sales outlets in North America through this acquisition to further explore market potential. The Group expects to receive US$200 million in annual synergies from this transaction by 2016.

Tongbei Company has 9,400 employees, with a turnover of US$2.3 billion in 2011 and a profit of US$390 million.

In the United States, Europe and the Asia-Pacific have a huge storage center and a complete logistics system. Established more than 60 branches and operations in the Americas, Europe and the entire Asia-Pacific region. The leading manufacturers in the fields of electronics, electrical and telecommunications provide more than 30 series and more than 100,000 kinds of products to over a dozen fields. include:

Structured Cabling System OPLANS OplandTM

Electrical systems such as Marrette®, SteelCity®, etc. are used in communication transmission systems LRC®, Diamond®, etc. for power transmission, outdoor electrical connection, and building electrical appliances.

Grounding and lightning protection system FurseTM

Lighting system Hazlux® for outdoor floodlighting; explosion-proof lighting, emergency lighting, etc. Industrial heating and ventilation systems Pos-E-KonTM

The users are all over the world, and the main large users are: General Motors (GM), IBM, MOTOROLA, APPLE, AT&T, Northern Telecom, HEWLETTPACKARD, SIEMENS, Compaq (COMPAQ), OLIVETI, and other international large groups.