Eaton Completes Purchase Of Argo-Tech
16 Marzo 2007 - 9:52PM
Business Wire
Diversified industrial manufacturer Eaton Corporation (NYSE:ETN)
announced today it has completed its purchase of AT Holdings
Corporation, the parent of Argo-Tech Corporation. Eaton announced
plans on December 28, 2006, to purchase the business. The business
is being sold by private equity firms Vestar Capital Partners and
Greenbriar Equity Group. Argo-Tech�s aerospace business is a leader
in high performance aerospace engine fuel pumps and systems,
airframe fuel pumps and systems, and ground fueling systems for
commercial and military aerospace markets. Prior to the closing,
AT�Holdings was reorganized to exclude its cryogenics and other
non-aerospace businesses and certain other assets from the
transaction. Eaton Corporation is a diversified industrial
manufacturer with 2006 sales of $12.4 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.
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