» Subscribe Today!
More of what you want to know.
The Daily News
X

Forgot your password?
Skip Navigation LinksHome >
VOL. 128 | NO. 92 | Friday, May 10, 2013

Thomas & Betts - ABB Donate $1 Million

By Bill Dries

Print | Front Page | Email this story | Email reporter | Comments ()

Thomas & Betts Corporation executives marked one year since the acquisition of the Memphis-based power and electric utility devices company by ABB Group of Zurich Thursday, May 9, with three contributions from both totaling $1 million to St. Children’s Research Hospital, Le Bonheur Children’s Hospital and the Memphis Development Foundation.

The contributions honor recently retired Thomas & Betts chairman and CEO Dominic J. Pileggi.

$500,000 went to St. Jude ALSAC, the fundraising arm of the research hospital. Another $400,000 was awarded to Le Bonheur and $100,000 was presented to the Memphis Development Foundation for use in the $14 million education and performing arts center the foundation is building as part of the Orpheum theater.

“We’ve sponsored the tournament. We’ve done that for years,” said Chuck Treadway, CEO of the Thomas & Betts business unit, referring to the FedEx St. Jude Golf Classic at Southwind Tournament Players Club where the checks were presented Thursday evening and Pileggi as well as long time Thomas & Betts general counsel Jim Raines were honored. “When we asked Dominic all the different charities he’s donated to since his time in Memphis, the list was quite long. We limited it to these three just to have a significant impact.”

Pileggi presented the checks and told a group of 100 at the club that the acquisition has gone well with both companies integrating their cultures and practices with Thomas & Betts adding 100 jobs in its Memphis area operations since the $3.9 billion deal was finalized one year ago this month.

Sign-Up For Our Free Email Edition
Get the news first with our daily email


 
Blog Get more from The Daily News
Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 57 57 9,423
MORTGAGES 75 75 11,821
FORECLOSURE NOTICES 0 0 2,278
BUILDING PERMITS 242 242 20,920
BANKRUPTCIES 42 42 7,378
BUSINESS LICENSES 16 16 3,328
UTILITY CONNECTIONS 111 111 11,390
MARRIAGE LICENSES 28 28 2,631

Weekly Edition

Issues | About

The Memphis News: Business, politics, and the public interest.