Gainesville TX, January 7, 2013 -- Circuit Breaker Sales Co., Inc. (CBS, www.circuitbreaker.com),
a leading provider of new and used circuit breakers, switchgear and related
components, is pleased to announce its acquisition of Federal Pacific
Equipment, Inc. (FPE) of Brick, NJ (www.fpeparts.com).
In addition to
numerous parts, components, and inventory, Circuit Breaker Sales also acquired
the company’s technical and historical libraries. “By adding Federal Pacific
Equipment’s technical library to the ITE specification documents we acquired in
2007, Circuit Breaker Sales is now one of the largest providers of new,
replacement and remanufactured parts for the industrial circuit breaker
industry,” says Bill Schofield, President of Circuit Breaker Sales Co., Inc.
“At one point in
history, Federal Pacific was one of the largest providers of residential and
industrial circuit breakers in the United States. CBS’ growing library of
historical records, card files and drawings will give our engineering staff the
tools they need to help customers determine whether they need replacement
parts, repairs, remanufactured components or retrofit upgrades to get their FPE
and ITE electrical equipment safely up and running.”
While details of
the acquisition were not disclosed, privately owned Circuit Breaker Sales Co.,
Inc. plans to move the equipment from Federal Pacific Equipment’s New Jersey
facility to Group CBS’ Matthews, NC, facility, and then close Federal Pacific’s
Brick, NJ, offices. Former owner and longtime employee of Federal Pacific
Equipment, John Cifrodella, will continue to serve as a consultant to CBS.