Make us your home page
Instagram

Clearwater electrical product maker Technology Research Corp. is acquired

Clearwater electrical safety product maker Technology Research Corp. was acquired this week by Coleman Cable Inc. of Waukegan, Ill.

The deal means Technology Research, which was publicly traded, no longer trades under ticker symbol TRCI and becomes part of larger Coleman (ticker: CCIX). Tampa investment bank Hyde Park Capital served as financial adviser for Technology Research in the deal.

The sale is the latest example of a Tampa Bay publicly traded corporation that has been sold or chosen to go private. Last year, Technology Research had 85 employees in Clearwater, 426 workers at its subsidiary in Honduras and 18 at its recently purchased Patco Electronics subsidiary in Titusville. Coleman Cable has been on a recent buying spree.

Clearwater electrical product maker Technology Research Corp. is acquired 05/19/11 [Last modified: Thursday, May 19, 2011 9:32pm]
Photo reprints | Article reprints

© 2017 Tampa Bay Times

    

Join the discussion: Click to view comments, add yours

Loading...
  1. Kiran and Pallavi Patel commit $200 million for Clearwater medical school

    Real Estate

    CLEARWATER — Tampa Bay philanthropists Dr. Kiran Patel and his wife, Dr. Pallavi Patel are spending $200 million to create and promote a Tampa Bay regional campus for the private Nova Southeastern University.

    Drs. Kiran and Pallavi Patel, prolific Tampa Bay philanthropists, are putting up $200 million to create and run a new medical school under Nova Southeastern University. Here is a rendering of the proposed campus [Courtesy of Southestern Noval University}
  2. USF to rename sports management program for Vinik family

    Blogs

    The University of South Florida will name a business program for the Vinik family at a Tuesday event.

    Tampa Bay Lightning owner and chairman Jeff Vinik and his wife, Penny, in 2010.
  3. Tonight: Hear ideas for remaking downtown Tampa interchange

    Transportation

    TAMPA — New concepts for rebuilding the downtown interchange will be discussed at a Florida Department of Transportation community meeting Monday night.

    The Florida Department of Transportation renamed its controversial Tampa Bay Express plan, also known as TBX. The plan is now known as Tampa Bay Next, or TBN. [Florida Department of Transportation]
  4. Target raising minimum wage to $15 an hour by 2020

    Retail

    NEW YORK — Target Corp. is raising its minimum hourly wage for its workers to $11 starting next month and then to $15 by the end of 2020 in a move it says will help it better recruit and retain top-quality staff and provide a better shopping experience for its customers.

    Target Corp. is raising its minimum hourly wage for its workers to $11 starting next month and then to $15 by the end of 2020
[File photo by Justin Sullivan/Getty Images]
  5. PolitiFact Florida: How would Florida fare in Graham-Cassidy health care bill?

    National

    Following a sharp rebuke by late-night talk show host Jimmy Kimmel, Sen. Bill Cassidy, R-La., hit the airwaves to defend his bill that would undo much of the Affordable Care Act.

    Sen. Bill Cassidy, R-La.