Thomas & Betts Corporation (NYSE: TNB) has acquired the net assets of JT Packard & Associates, Inc. TNB acquired JT Packard for a net purchase price of $22 million.
In 2009, JT Packard's core business is preventative maintenance and emergency service for uninterruptable power supplies, DC plant and static transfer switches used to ensure a consistent and high-quality flow of power to data centers in various industrial and commercial markets. JT Packard had 2009 sales of approximately $60 million.
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Thomas & Betts Corporation (www.tnb.com) is a leading designer and manufacturer of electrical components used in industrial, commercial and utility markets. The company is also a leading producer of commercial heating and ventilation units and highly engineered steel structures used for utility transmission.
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