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INDUSTRY NEWS AHR EXPO donates to Opportunity Village
WEstpOrt, COnn. — nearly $13,000 in entry fees from the 2011 aHr Expo innovation awards competition will be donated to Opportunity Vil- lage, a las Vegas organization that serves people with intellectual dis- abilities. the not-for-profit organiza- tion is using the money to buy and
local charitable organization wher- ever the Expo is being held. to date, nearly $75,000 have been donated to several charitable organizations throughout the country. this year’s competition received 170 entries, an all-time record. “We are delighted that the entry fees are going to help such a wor- thy organization save thousands of dollars on energy costs,” said Clay stevens, president of international Exposition Com- pany, which pro-
install 76 programmable thermostats that are estimated to save over $26,000 in annual energy costs for two of its locations. Every year, aHr Expo donates the competition entry fee money to a
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duces and manages the aHr Expo. “the innovation awards provide several benefits – they help pro- mote innovation in the HVaCr in- dustry, they recognize innovative companies, and of course, they
benefit charitable organizations.” Opportunity Village was founded
in 1954 by seven families whose children had intellectual disabili- ties. today, it serves approximately 1,700 individuals and their families. it is nevada’s largest provider of vocational training, community and campus-based employment, art en- richment, social recreation and ther- apeutic day services, and is unique in the u.s. for its self-reliance. Op-
ZuriCH, sWitZErlanD — aBB ltd. completed its acquisition of Baldor Electric Company, a north american leader in industrial motors. the trans- action, which was originally an- nounced on november 30, was valued at $4.2 billion, including $1.1 billion of net debt. the acquisition advances aBB’s
strategy to become a leader in the north american industrial motors business and a global leader for movement and control in industrial applications. the combination pro- vides an even stronger growth plat- form from which aBB can increase its penetration of north american markets by building on Baldor’s strong presence, while at the same time facilitating the sale of Baldor’s products globally through aBB’s worldwide distribution network. the addition of Baldor’s approximately 6,800 employees brings the number of aBB employees in north america to approximately 17,000. Baldor’s leadership in high-effi-
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portunity Village is primarily self- funded and dedicated to developing and expanding the programs people with disabilities need to achieve success in their lives. “this generous donation will en-
able Opportunity Village to realize immense energy savings, and every penny saved will be used to expand current programs and begin new ones to serve nevada citizens with intel- lectual disabilities,” said Cary Harned, Major gifts & grants Offi- cer for Opportunity Village. Visit
www.ahrexpo.com.
ABB acquires Baldor Electric
ciency industrial electric motors po- sitions aBB to benefit from a pro- jected 10% to 15% growth in this business in the u.s. in 2011 as a re- sult of new energy regulations that were implemented in December 2010. Beginning this year, similar regu-
lations mandating higher electric motor efficiency that also will benefit sales of Baldor products are being implemented in numerous countries around the world. ron tucker, Baldor’s president and
CEO, will be responsible for running Baldor, including its mechanical power transmission products busi- ness, as well as aBB’s north ameri- can motor and generator business. these businesses will be headquar- tered in Fort smith, ark., which is Baldor’s current headquarters loca- tion. Baldor’s former chairman and CEO, John McFarland, will remain with the company to support a suc- cessful integration. Visit
www.abb.com.
Sonepar Canada acquires assets of HD Supply Canada electrical division
Mississauga, Ont. — sonepar Canada and HD supply Canada have entered into an agreement for sonepar
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Canada to purchase substantially all of the assets of sEsCO/QuEsCO, a di- vision of HD supply Canada. the transaction was scheduled to close by the end of February. sEsCO/QuEsCO provides busi-
See contact information on page 194
ness customers a complete line of electrical products, offering major brands from leading manufacturers. While focused mostly on commer- cial, residential and institutional mar- kets, the division has been continually growing in the industrial and OEM sectors. Keith Moss, president and CEO of sonepar Canada said, “this strategic
acquisition supports our goals to grow our business in Ontario and to strengthen our place in the Canadian electrical wholesale market. Our ex- panded coverage in Ontario, particu- larly in and around toronto, will allow us to better serve both our ex- isting and future customers.” sEsCO/QuEsCO, a strong inde-
pendent distributor in toronto for many years, was acquired by HD supply Canada in January 2006. it currently employs more than 70 asso- ciates, operating out of five branches in the greater toronto area and serv- ing more than 1,000 customers. the division’s merchandise includes var- ious environmentally friendly and en- ergy efficient products, ideal in supporting sonepar Canada’s Blue- way initiatives. Visit
www.hdsupply.ca/.
• Be sure to visit
www.thewholesaler.com for web exclusive articles and videos! •
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