Rockford, IL – In a strategic move to broaden its position in the utility segment, Greenlee, a Textron Inc. (NYSE: TXT) company, has acquired ownership of Sherman & Reilly Inc., a manufacturer of underground and aerial transmission and distribution products based in Chattanooga, Tennessee.
“Sherman & Reilly is an acknowledged leader in heavy pulling products for distribution and transmission applications,” said Scott Hall, President, Textron Industrial Segment and Greenlee. “Like Greenlee Utility, the company has a strong brand built on innovation and service to the utility professional. S&R is a logical complement to our Greenlee Utility® and Gator® products and will significantly expand Greenlee’s presence in the utility segment.”
“We are excited to be joining the Greenlee Textron family,” said Mike Dunn, general manager of Sherman & Reilly. “The combined strength of our brands, along with Greenlee’s established presence in the utility channel will further accelerate our growth and provide new opportunities for our talented employees.”
Sherman & Reilly is the leading US manufacturer of pulling and stringing equipment for the power utility segment. The company currently employs 110 people and will join the Greenlee® family of brands alongside Greenlee®, Klauke® and Greenlee CommunicationsTM, In addition to its portfolio of pulling products and accessories, Sherman & Reilly will continue to manufacture a range of cable installation blocks and distribute fiber-optic blowing systems for the telecommunication market. Sherman & Reilly will become a separate business unit within Greenlee, led by Dunn.Tagged with tED