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Tripp Lite Facility in Bridgeport Trades to Cabinet Maker
Irish company Eaton, which acquired Barre Seid’s electrical products business, Tripp Lite, for $1.65 billion last year, has sold a South Side industrial facility that Tripp Lite used. The plant at 1111 W. 35th St. in the South Side’s Bridgeport neighborhood sold for $9.25 million to Amberleaf Home, Crain’s Chicago Business reported.
Eaton plans to move production from Bridgeport to new 371,000-square-foot plant in Woodridge, according to Crain’s. Amberleaf Home, which makes cabinets for residential developers, operates out of two adjacent buildings just around the corner from the Tripp Lite property.
In a transaction reported recently by The New York Times and other national media, the 90-year-old Seid donated all the shares in Tripp Lite to Marble Freedom Trust, a nonprofit run by Leonard Leo, a co-chair of the Federalist Society. Seid was not involved in the sale of the Bridgeport plant, Crain’s reported.
- ◦Sale/Acquisition
