InterNorth Inc. was a large energy company headquartered at the Northern Natural Gas Building in Omaha, Nebraska , in the United States , specializing in natural gas pipelines but also a force in the plastics industry , coal and petroleum exploration and production. It was a predecessor to Enron Corporation.
23-541: InterNorth was founded in 1931 as Northern Natural Gas Company . Over the years, it acquired several other subsidiaries, such as Northern Liquid Fuels Company, Northern Petrochemicals Company, Northern Propane Gas Company, Northern Border Pipeline Company, and People's Natural Gas. In March 1980, Northern Natural Gas reorganized as a holding company, InterNorth. They operated the largest natural gas pipeline in North America (approximately 36,000 miles of pipeline). In 1980-81,
46-538: A foundry located in Mt. Vernon, Ohio , and was initially called the C&;E Cooper Company. Cooper's initial product offerings included plows, hog troughs, kettles and stoves. By the mid-nineteenth century the company was concentrating on steam engines. As the use of steam power declined in the late 1800s, Cooper again shifted its focus, this time to gas engine technology. By the time the 20th century arrived, Cooper Industries had become
69-565: A selection of over 30 leading brands, including Crescent, GearWrench, Armstrong, and Weller. In October 2012, Danaher Corporation and Cooper Industries sold the Apex Tool Group to Bain Capital for a fee of around $ 1.6 billion. Cooper-Bessemer Cooper-Bessemer was a brand of industrial engines and compressors, manufactured in Mount Vernon, Ohio . The Cooper-Bessemer Corporation
92-565: A subsidiary of Cooper Industries is a global manufacturer and provider of power delivery apparatus for the utility, commercial, and industrial markets in the medium voltage and high voltage ranges. The company provides products and services required to transform, protect, connect, and build out an electric power system backbone. Reliability and grid-point solutions include: Integrated Volt/Var Control (IVVC), feeder, and substation automation systems. Endpoint solutions include: Advanced Metering Infrastructure (AMI) and Demand Response (DR). Additionally
115-436: Is the current original equipment manufacturer for Cooper-Bessemer engines. In 1929, Cooper-Bessemer products included gas engine-driven compressors, stationary and marine diesel engines and gas engines. During World War II, Cooper-Bessemer contributed to the war effort by manufacturing diesel engines for troop and cargo ships as well as warships, tugboats, rescue and patrol boats. Cooper-Bessemer gas engines were widely used in
138-522: The American leader in pipeline compression engines, products that enabled the development of the growing oil and gas industry. This period was also highlighted by a merger with Bessemer Gas Engine Company, yielding Cooper-Bessemer . In the 1940s, Cooper-Bessemer played a role in the U.S. World War II effort, supplying engine components that powered almost all of the ships in the Navy's minesweeper fleet, as well as
161-475: The V-250, V-275, W-330, Z-330 and QUAD compressors. These compressors used a "compact, V-angle engine design with an articulated connecting rod arrangement, allowing power piston connecting rods to drive onto one master compressor rod for each throw of the crankshaft." "The GMV integral-angle gas engine-compressor was a major contributor to the world’s economy for more than a half century, providing compression energy for
184-488: The company launched an unsolicited takeover bid for Crouse-Hinds Company , which wound up being acquired by Cooper Industries the following year. The company continued to pursue expansion opportunities. In 1983, the company purchased the Belco Petroleum Company, a Fortune 500 oil exploration and development company founded by Arthur Belfer ; and, in 1985, reached a deal, seen by some as overpriced, to acquire
207-530: The company provides engineering optimization and modeling tools. Eaton's Crouse-Hinds Business (formerly Cooper Crouse-Hinds) specializes in explosion proof and hazardous environments Apex Tool Group was formed in July 2010 as a joint venture of two manufacturers, Danaher Tool Group and the Cooper Hand Tools division of Cooper Industries. The two businesses offer industrial, commercial, and do-it-yourself customers
230-466: The company soon was based entirely in Houston and run by HNG's CEO, Ken Lay . Initially, Lay and his secretary were on board with design consultancy Lippincott & Margulies ’s pitched name, Enteron, due to the positive connotations of the words "enter" and "on', though it was soon discovered to be a medical term for the intestines. The markets reacted with hilarity and within a month the name up for vote
253-1606: The electrical, electronics and transportation industries. The company also produces industrial and mobile wireless solutions, plus inductors and transformers for power quality in electronics applications. Bussmann's main industrial manufacturing facilities are located in the United States (Black Mountain and Goldsboro NC, Chicago IL, Ellisville MO, Boca Raton FL), in Mexico (Juarez and Mexico City), in UK (Workington and Burton-on-the-Wolds), in Hungary (Győr), Xi’an (China), India (Pondicherry), Costa Rica (San Jose), Brazil (Itu). Business Units Eaton's Cooper Safety Business (formerly Cooper Safety) specializes in notification, alarm and safety systems. This includes emergency lighting, fire detection and alarm systems, hazardous area communications, life safety notifications, mains lighting and security systems. Cooper notification acquired Wheelock inc. In 2006. Eaton's Cooper Wiring Devices Business (formerly Cooper Wiring Devices ) works closely with Eaton's Cooper Lighting Business. The company has acquired well known brands like Eagle Electric , Arrow Hart, ArrowLink, RhinoBox, Aspire, Aspire RF, and MediaSync. The companies products include cable assemblies, data connectors for military, home and commercial, lighting switches, outlets, receptacles, subsea wiring and communications ports. Eaton's Cooper Power Systems Business (formerly Cooper Power Systems)
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#1732851256096276-491: The expansion in the 1950s through early 1980s is given in Keller 1983, a history commissioned by the company for its 150th anniversary. Acquisitions in the 1980s included Crouse-Hinds (1981) and McGraw-Edison (1985). In the last decade of the 20th century, Cooper underwent a period of portfolio rationalization, reducing its exposure to more cyclical industries such as automotive and petroleum. Ultimately, Cooper emerged focused on
299-401: The famous Liberty Ships , which carried 75% of the cargo used by Allied armed forces. After the war, Cooper-Bessemer again embarked on an effort to diversify itself in a changing world economy. As the company looked to increase its product portfolio, Cooper expanded its offering into electrical products, electrical power equipment, automotive products, tools and hardware. A detailed history of
322-465: The industrial and utility end-markets and 40% of total sales were to customers outside the United States. Cooper has manufacturing facilities in 23 countries as of 2011. On November 26, 2012, it was announced that the company will be replaced in the S&;P 500 index, since its takeover by Eaton Corporation . Cooper Industries was founded in 1833 by brothers Charles and Elias Cooper. The company started as
345-446: The production of rubber, alloys, light metals, high-octane aircraft fuel, synthetic ammonia for munitions, and in refineries, chemical plants, shipyards and petroleum pipelines. Many early GE diesel locomotives had Cooper-Bessemer engines. From the 1920s to the 1980s, the company manufactured thousands of Cooper-Bessemer integral engine-compressors, including the GMV, GMW and GMX series, and
368-418: The result of acquisitions. These brands include: Eaton's B-Line Business (formerly Cooper B-Line) is a global provider of support systems and enclosure solutions for engineered facility subsystem applications in various markets: commercial, industrial, utility and OEM. Eaton's Bussmann Business (formerly Cooper Bussmann) manufactures and markets a wide variety of North American and European-styled fuses for
391-653: The sale of its lighting business to Signify N.V. , the company that was formed from the spin-off of Philips ' lighting division Cooper Industries was acquired by Eaton Corporation in 2012. The divisions are undergoing name changes as a result. Cooper Lighting Solutions manufactures lighting fixtures and related products to worldwide commercial, industrial, residential and utility markets. This includes track and recessed lighting (LED, fluorescent, H.I.D.), exit and emergency, vandal-resistant, landscape and complex environment lighting. Cooper Lighting Solutions manufactures lighting fixtures under several brands, many of which were
414-668: The smaller competitor Houston Natural Gas Company (HNG). InterNorth was an arbitrage target and acquired HNG as a poison pill . Following its takeover of HNG, InterNorth was renamed to HNG/Internorth , a name it would keep for nine months before being rechristened Enron Corp. in April 1986. Although intended to secure InterNorth's independence, the HNG takeover proved a "wag-the-dog" transaction: despite an initial plan for dual headquarters in Omaha and Houston, with InterNorth CEO Samuel Segnar in control,
437-484: The two business segments that remain in the portfolio today – Electrical Products Group and Energy and Safety Solutions. On May 23, 2002, Cooper Industries Inc had completed reincorporation in Bermuda from Ohio. In February 2008, Cooper Industries announced its acquisition of MTL Instruments Group . On November 30, 2012, Eaton announced its completion of acquisition of Cooper Industries. In March 2020, Eaton announced
460-454: Was an American worldwide electrical products manufacturer headquartered in Houston, Texas. Founded in 1833, the company had seven operating divisions including Bussmann electrical and electronic fuses; Crouse-Hinds and CEAG explosion-proof electrical equipment; Halo and Metalux lighting fixtures; and Kyle and McGraw-Edison power systems products. In 2011, 59% of total sales were to customers in
483-417: Was at one time the largest natural gas distributor in North America. After the bankruptcy of Enron, Northern Natural Gas briefly became part of Dynegy Corp, whose chairman, Daniel Dienstbier, had been president of Northern before Ken Lay seized control of Internorth. Dynegy then sold Northern to Warren Buffett 's Berkshire Hathaway who moved it back to Omaha. Cooper Industries Cooper Industries
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#1732851256096506-548: Was changed to Enron. The merged company was a target of corporate raider Irwin Jacobs of Minneapolis. Lay "borrowed" over $ 400 million from the employee stock ownership program to buy back Jacobs stock, so he could keep his job and cover other financial losses of Enron as early as 1987. Lay then froze the ESOP for seven years except for retirement or death benefits. The most valuable asset of Internorth had been Northern Natural Gas, which
529-590: Was formed when the C. & G. Cooper Company (founded in 1833) and the Bessemer Gas Engine Company (founded in 1899) merged in 1929. In 1965, the company was renamed to Cooper Industries and relocated to Houston, Texas . In the 1990s, Cooper Industries' Petroleum and Industrial Equipment Group was spun off to become Cooper Cameron Corporation, known as the Compression Systems group of Cameron International Corporation . Cooper Machinery Services
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