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March 12, 2019

On March 1 Eaton announced intentions to spin off its lighting business, creating an independent, publicly traded company. The transition is expected to be completed by the end of 2019. 

Effective April 1, Curt Hutchins, Group President of Eaton's US$2.7B Hydraulics Group, will lead the spin-off. He will work with Eaton’s Lighting leadership team and corporate team to set up the new company. Curt has held a number of leadership roles in a variety of diverse businesses and industries during his career. Prior to leading Eaton's $2.7B Hydraulics Group, he was president of Eaton's Asia Pacific region. 

Included in the spin-off are Eaton’s lighting business, its global airport lighting business, and Mains lighting and intrusion systems businesses that operate primarily in Europe and the Middle East. The Crouse-Hinds industrial lighting business and Life Safety Division’s emergency lighting product lines in Europe, the Middle East and Africa will remain with Eaton. 

Eaton says the spin-off will better position the lighting business to respond to evolving industry and customer needs, enable lighting to compete more effectively across its diverse end-markets, and enhance Eaton’s ability to focus investments in its core businesses. 

President Kraig Kasler told Edison Report that “this will be a US$1.7 billion company and we will have much more flexibility once we are independent.” 

Eaton's Lighting Division delivers indoor and outdoor lighting and controls solutions serving customers in the commercial, industrial, retail, institutional, residential, utility and other markets.

National Investment in Building ConstructionTotal investment in building construction increased 2.2% in May to $15.2 billion. Gains in the residential sector (+2.8% to $10.4 billion) led the increase, while the non-residential sector edged up 0.9% to $4.8 billion. On a constant dollar basis (2012=100), investment in building construction rose 1.8% to $12.7 billion.

Gap in investment between multi-unit and single-unit dwellings continues to grow

Investment in multi-unit dwellings rose 7.6% in May to $5.5 billion, while investment in single-unit dwellings declined 2.2% to $4.9 billion.

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AztecAztec Electrical Supply is one of the most dynamic, fastest growing electrical and automation distributors in Canada. The supplier has four Ontario locations, in Concord, Cambridge, Burlington and Mississauga.

They specialize in supplying quality automation and electrical products to electrical contractors, manufacturing plants, OEMs and custom machine builders. Their comprehensive inventory includes electrical and pneumatic products for breakdowns and emergencies, as well as everyday contractor and MRO requirements. They also work closely with their partners to source specialty products that may be required for major projects.

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House of ElectricalHouse of Electrical Supplies is a distribution company that specializes in ‘service’. They go beyond what a standard supplier provides, not just with knowledgeable employees, but with a compliment of support services.

From small construction to sophisticated industrial projects, House of Electrical stocks electrical supplies for a wide range of applications. For over 30 years, they have been servicing clients in the industrial, OEM, entertainment and construction markets across the greater metropolitan Toronto area. Their product solutions range from electrical, automation, safety, lighting and portable power distribution.

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