Thomas & Betts Integration Progress and Cost Savings

Thomas & Betts consolidated four acquired distribution centers into its centralized model and took actions to eliminate duplicative operating costs, expecting significant savings in the second half of 2008.

“As planned, we consolidated four acquired distribution centers into our centralized distribution model during the quarter. This, combined with other actions taken to eliminate duplicative operating costs, should lead to significant savings, particularly in the second half of 2008.”

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