About Cooper Tools
Cooper Industries was founded in 1833 by brothers Charles and Elias Cooper. The company started as 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 had shifted its focus to manufacturing steam engines in hopes of leveraging the country’s growing trend towards rail transportation. It was during this period that the Company developed the Cooper Traction Engine, an innovation that is credited for helping to power our nation’s move from an agrarian to an industrial society.
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 the two business segments that remain in the portfolio today – Electrical Products Group and Energy and Safety Solutions. As Cooper embarks on an era of operational excellence, it is focusing on a core set of strategic initiatives, improving management practices, strengthening the balance sheet and re-focusing its product portfolio on key technology platforms. As a result, Cooper Industries is well positioned for sustained growth in the years ahead.
WEBSITE - http://www.cooperhandtools.com
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