Moeller gets new owner in Canada and U.S.
Houston, TX -- Moeller GmbH, a European supplier of low-voltage industrial components and automation products, has...
Houston, TX — Moeller GmbH, a European supplier of low-voltage industrial components and automation products, has sold the assets of its North American sales operation to John W. Hamm, a long time executive in the U.S. controls industry.
The new company will act as Moeller’s sales agent in North America. Both parties have agreed not to disclose details regarding the purchase price.
With this acquisition, Hamm assumes responsibility for all of Moeller’s North American operations, which includes about 350 employees located in various regional facilities and sales ofﬁces throughout the U.S. and Canada.
Headquartered in Houston, Tex., and Toronto, Ont., the company will continue to do business as Moeller Electric Corporation in the U.S. and Moeller Electric Limited in Canada.
“This acquisition was a great match,” said Hamm, the new company’s president and chief executive ofﬁcer. “Moeller in Germany was looking to streamline their business and return to their core competencies of design and manufacturing, while at the same time looking for a way to re-energize their presence in North America.”
David McLemore, president of Moeller Electric USA and management board member at Moeller Holding GmbH, adds: “We have a high-powered partner at our side in the person of John W. Hamm, who will revitalize the sales of our products in the North American markets thanks to his long-standing experience and his excellent knowledge of the industry.”
Hamm’s most recent position was with Sprecher + Schuh, a division of Rockwell Automation, where he served for 22 years as president. He also worked in sales management for the Square D Co. for 11 years.
Moeller has been doing business in Canada since 1957. The Canadian Division headquarters is located in Toronto.
Founded in 1899 and renamed in the 1940s to “Klockner-Moeller,” Moeller experienced steady growth over the following decades, based on its technological expertise and its close customer relationships. In the late 1990s, Klockner-Moeller successfully continued to broaden its product range and undertook several acquisitions, e.g. of Felten & Guilleaume AG in 1998. “Klockner-Moeller” was renamed “Moeller” in 1999.