Headquartered in Solon, Ohio, ERICO stands as a prominent global entity in the manufacturing and distribution of high-quality engineered electrical and fastening products tailored for diverse applications in the electrical, mechanical, and civil sectors. With a workforce of 1,200 spanning 30 nations, ERICO boasts a portfolio of renowned brands, including CADDY® for fixing, fastening, and support solutions; ERICO® for electrical grounding, bonding, and connectivity solutions; and LENTON® for engineered systems.
Established 115 years ago as the Electric Railway Improvement Company (ERICO), the company initially specialized in supplying signal bonds, power bonds, and welding equipment to mining, railroad, and street railway industries. Over time, ERICO has evolved and prospered, diversifying its offerings and brands while staying true to its core mission. The company’s growth has been further propelled by strategic forays into new business domains.
ERICO’s product range encompasses an array of solutions, including grounding and bonding systems, busbars, connectors, surge protection, conductors, air terminals, flexible conductors, facility electrical protection, and rail and industrial products. Notable offerings include CADDY Fixing Fastening & Support Products, ERIFLEX Low Voltage Power & Grounding Connections, and LENTON Engineered Systems for Concrete Reinforcement.
On August 17, 2015, Pentair plc (PNR) announced its acquisition of ERICO Global Company for $1.8 billion in cash, inclusive of ERICO’s debt repayment. This transaction, valuing ERICO at approximately twelve times its forecasted 2015 EBITDA, marked a significant development in the industry landscape.
Under the umbrella of Pentair Engineered Electrical & Fastening Solutions, ERICO’s exceptional product line continued to thrive globally, complementing Pentair’s portfolio of top-tier engineered products catering to specialized electrical, mechanical, and concrete applications. These products are marketed under various leading brands.
Fast forward to April 30, 2018, nVent Electric plc (NYSE: NVT), a distinguished leader in electrical connection and protection solutions, announced its successful separation from Pentair plc and subsequent launch as an independent publicly-traded entity. With nVent shares commencing trading on the New York Stock Exchange under the symbol “NVT” on May 1, 2018, the company embarked on a new chapter of autonomy and growth.
