Business Briefs for the Week of April 12, 2010

Business Briefs for Ideal Industries, PowerSecure International, Milbank Manufacturing Co.

Ideal Industries, Inc.

Sycamore, Ill.-based Ideal Industries, Inc. has entered into an agreement to acquire Pratt-Read, Sycamore, Ill., the third largest manufacturer of screwdrivers in the United States and one of the country's oldest companies. The company will operate as Pratt-Read Tools, LLC., a wholly owned subsidiary of Ideal Industries, Inc.

PowerSecure International, Inc.

Wake Forest, N.C.-based PowerSecure International, Inc. has launched an expansion of its LED lighting business through the acquisition of a majority interest in Innovative Electronic Solutions Lighting (IES), a leading LED lighting development company. The acquisition of IES, according to PowerSecure International, significantly enhances the company's LED lighting development capabilities to accelerate the expansion of new products and capitalize on the growing demand in the marketplace for LED lighting.

Milbank Manufacturing Co.

Kansas City, Mo.-based Milbank Manufacturing Co. recently announced a new partnership with Endurance Wind Power, Vancouver, Canada, to offer residential and light commercial wind turbines. This new partnership will comprise the second line of products for Milbank's Power Generation Product Group.

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