Eaton to Purchase Fine Filtration Business from Dover Resources
09 Agosto 2006 - 2:59PM
Business Wire
Diversified industrial manufacturer Eaton Corporation (NYSE:ETN)
today announced it has reached a definitive agreement with Dover
Resources, Inc. to purchase its Ronningen-Petter industrial fine
filtration business. Terms were not disclosed. The transaction is
expected to close by the end of the third quarter, subject to
customary regulatory approvals and closing conditions. Dover
Resources is a subsidiary of Dover Corporation. Dover Resource's
Ronningen-Petter fine filtration business had 2005 sales of
approximately $30 million. It provides filters and components to
customers in end markets that include the oil and gas, pulp and
paper, and food and beverage industries. The business is based in
Portage, Michigan, and has 110 employees. "This acquisition expands
our industrial filtration offerings by providing access to new end
markets and strengthening our product offerings," said Craig
Arnold, Eaton senior vice president and president - Fluid Power
Group. "Ronningen-Petter is a recognized name in the fine
filtration market and we're looking forward to combining the
strengths of both organizations." Eaton Corporation is a
diversified industrial manufacturer with 2005 sales of $11.1
billion. Eaton is a global leader in electrical systems and
components for power quality, distribution and control; fluid power
systems and services for industrial, mobile and aircraft equipment;
intelligent truck drivetrain systems for safety and fuel economy;
and automotive engine air management systems, powertrain solutions
and specialty controls for performance, fuel economy and safety.
Eaton has 60,000 employees and sells products to customers in more
than 125 countries. For more information, visit www.eaton.com.
Grafico Azioni Eaton (NYSE:ETN)
Storico
Da Ago 2024 a Set 2024
Grafico Azioni Eaton (NYSE:ETN)
Storico
Da Set 2023 a Set 2024