No, Bryant Electric does not own Hubbell Incorporated. In fact, the historical corporate relationship shows the opposite: Hubbell Incorporated acquired Bryant Electric.
Understanding the Relationship Between Bryant Electric and Hubbell
The question of ownership can be clarified by examining the historical transactions involving both entities. Hubbell Incorporated acquired Bryant Electric's remaining interests from Westinghouse in 1991. This acquisition signifies that, for a period, Hubbell was the owner of Bryant Electric, rather than Bryant Electric owning Hubbell.
Historical Context of Bryant Electric's Ownership
Bryant Electric Company has a long corporate history marked by several changes in ownership. Originally an independent manufacturer, it later became part of larger industrial conglomerates. Its journey through various corporate structures highlights its role as an acquired entity, integrated into larger operations, rather than an acquirer of major corporations like Hubbell.
Following the acquisition by Hubbell in 1991, a portion of Bryant Electric's operations, specifically the rebranded Distribution and Controls Business Unit, was subsequently transferred to Eaton in 1994. This further illustrates Bryant Electric's position as an entity subject to corporate mergers and acquisitions by larger companies.
Key Ownership Changes for Bryant Electric
The following table summarizes the significant ownership transitions involving Bryant Electric based on available corporate records:
Year | Type of Transaction | Parties Involved | Impact on Bryant Electric |
---|---|---|---|
1991 | Acquisition | Westinghouse sells to Hubbell Incorporated | Hubbell acquires Bryant Electric's interests and operations. |
1994 | Business Unit Transfer | Hubbell (via its Distribution and Controls Business Unit) sells to Eaton | A portion of Bryant Electric's former business units becomes part of Eaton. |
This sequence of events clearly demonstrates that Bryant Electric was a company that was acquired by Hubbell, and later parts of it transferred to Eaton, confirming that Bryant Electric does not, and has not, owned Hubbell Incorporated.