Press Release

« Back

Hubbell Completes Strongwell Acquisition

ORANGE, Conn.--(BUSINESS WIRE)--June 2, 2006--Hubbell Incorporated (NYSE: HUBA, HUBB) today announced that it has completed the acquisition of privately-held Strongwell Lenoir City, Inc. Financial terms were not disclosed.

Based in Lenoir City, TN, and operating as Hubbell Lenoir City, Inc., in the Company's Power Systems Segment, the subsidiary designs and manufactures precast polymer concrete products (used to house underground equipment) such as handholes, enclosures, equipment pads and transformer pads sold to the electric and telephone industries under the brand names QUAZITE(R), and SPLITT-PAD(R). The subsidiary also has a line of surface drain products sold under the brand names POLYCAST(R), POLYVENT(R), and DURAGUARD(R). There are two manufacturing facilities - Lenoir City, TN and San Jose, CA.

"We're pleased to add the leading brand names of Hubbell Lenoir City, Inc.," said Timothy Powers, President and CEO of Hubbell Incorporated. "We welcome to Hubbell the experienced workforce and strong management team which will extend the industry leadership of Hubbell Power Systems."

Hubbell's Power Systems Segment (HPS) is a leading supplier of utility products used for construction, maintenance, and upgrading of the electrical transmission and distribution infrastructure, and telecommunications networks. In addition, HPS includes a business which designs and manufactures foundation piering products to address a variety of civil engineering applications.

Hubbell Incorporated is an international manufacturer of quality electrical and electronic products for commercial, industrial, residential, utility, and telecommunications markets. With 2005 revenues of $2.1 billion, Hubbell Incorporated operates manufacturing facilities in North America, Puerto Rico, Mexico, Italy, Switzerland, Brazil, and the United Kingdom, participates in a joint venture in Taiwan, and maintains sales offices in Singapore, Hong Kong, South Korea, People's Republic of China, and the Middle East. The corporate headquarters is located in Orange, CT.

CONTACT: Hubbell Incorporated
Thomas R. Conlin, 203-799-4100

SOURCE: Hubbell Incorporated