Printer Friendly

SQUARE D COMPANY TO SELL INFRARED MEASUREMENT DIVISION

 SQUARE D COMPANY TO SELL INFRARED MEASUREMENT DIVISION
 PALATINE, Ill., Nov. 13 /PRNewswire/ -- Square D Company announced today that it had reached an agreement to sell its Infrared Measurement Division to Fairey Group plc of the United Kingdom. This transaction includes the division's plant and offices in Niles, Ill., and the stock of the division's three subsidiaries -- Ircon GmbH in Germany, Ircon Limited in the U.K. and Ircon S.A.R.L. in France.
 Acquired by Square D in 1982, and formerly known as Ircon, the Infrared Measurement Division is a leading manufacturer of infrared thermometers, line scanners and systems for non-contact temperature measurement and control.
 Fairey Group plc, which is listed on the London Stock Exchange, is a manufacturer of industrial measurement and control devices and specialist engineering and filtration products. The company plans to call its new division by the Ircon name.
 Square D Company is one of the key businesses of Schneider North America -- one of three geographic entities of the industrial businesses of Groupe Schneider, headquartered in Paris, France. The sale of the Infrared Measurement business is consistent with the Schneider North America strategy to focus on its core electrical distribution, automation and industrial control businesses.
 With 1991 sales of approximately $11 billion, Groupe Schneider is the global leader in electrical distribution, automation and industrial control products, systems and services.
 -0- 11/13/92
 /CONTACT: Bob Fiorani or Ernie Schenk, 708-397-2600, both for Square D Company/ CO: Square D Company; Fairey Group plc ST: Illinois IN: SU:


LD -- NY082 -- 0940 11/13/92 17:51 EST
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Nov 13, 1992
Words:261
Previous Article:THE MISCHER CORPORATION REPORTS THIRD QUARTER RESULTS FOR 1992
Next Article:ADVANCED MEDICAL, INC. REPORTS THIRD QUARTER RESULTS
Topics:


Related Articles
MIKRON INSTRUMENT COMPANY, INC. SIGNS TECHNOLOGY LICENSING AGREEMENT WITH LAND INSTRUMENTS, INC.
II-VI INCORPORATED FILES REGISTRATION STATEMENT
II-VI Incorporated Announces Record First Quarter Results
Anritsu grows by two facilities.
Large measurements are done on the run.
Taking Temperature in Limited Space.
Temperature measurement.
Infrared measuring. (In Gear).
AMETEK buys land instruments.

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters