Continental Industries, an operating subsidiary of Handy & Harman, has been sold to Hubbell
Lincoln International is pleased to announce that Handy & Harman Ltd. (“Handy & Harman”) has sold its subsidiary, Continental Industries, Inc. (“Continental” or the “Company”), to Hubbell Incorporated (“Hubbell”). Terms of the transaction were not disclosed.
Headquartered in Tulsa, Oklahoma, with an additional facility in Broken Arrow, Oklahoma, Continental is a leading provider of exothermic welding products and connectors. The Company offers small diameter mechanical pipeline connectors through its Connector division, and weld connectors and related exothermic weld accessories through its Electric division. The Company serves the gas, water utility, infrastructure, construction, electric utility and mobile telecommunication markets. Additional information is available at www.conind.com.
Lincoln International acted as the exclusive financial advisor to Handy & Harman and Continental, working closely with the Company’s management team throughout the sale process. This included providing advisory expertise and managing the marketing, negotiation and due diligence phases of the transaction.
James Braun, Vice President of Planning and Development at Hubbell, commented, “Continental’s high quality exothermic welding and connector products and diverse customer relationships are a strong fit with our Burndy business. We look forward to integrating Continental into the Hubbell organization.”
About Handy & Harman Ltd.
Handy & Harman Ltd. (HNH) is a diversified manufacturer of engineered niche industrial products with leading market positions in many of the markets it serves. Through its operating subsidiaries, HNH focuses on high-margin products and innovative technology and serves customers across a wide range of end markets. HNH’s diverse product offerings are marketed throughout the United States and internationally. HNH’s companies are organized into five businesses: Precious Metals, Tubing, Engineered Materials, Arlon, and Kasco. HNH sells its products and services through direct sales forces, distributors and manufacturers’ representatives. HNH serves a diverse customer base, including the construction, electronics, telecommunications, home appliance, transportation, utility, medical, semiconductor, aerospace, military electronics and automotive markets. Other markets served include blade products and repair services for the food industry. The company is based in White Plains, N.Y., and its common stock is listed in the NASDAQ Capital Market under the symbol HNH. Website: www.handyharman.com.
About Hubbell Incorporated
Hubbell Incorporated is an international manufacturer of quality electrical and electronic products for a broad range of non-residential and residential construction, industrial and utility applications. With 2011 revenues of $2.9 billion, Hubbell Incorporated operates manufacturing facilities in the United States, Canada, Switzerland, Puerto Rico, Mexico, the People’s Republic of China, Italy, the United Kingdom, Brazil and Australia. Hubbell also participates in joint ventures in Taiwan and Hong Kong, and maintains sales offices in Singapore, the People’s Republic of China, India, Mexico, South Korea, and the Middle East. The corporate headquarters is located in Shelton, CT. Hubbell’s common stock is listed on the New York Stock Exchange under the symbols HUBA and HUBB. More information about Hubbell is available at www.hubbell.com.
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