Eaton Completes Acquisition of Turkish Hose Manufacturer Polimer Kauçuk Sanayi ve Pazarlama A.Ş.
01 Giugno 2012 - 11:00PM
Business Wire
Diversified industrial manufacturer Eaton Corporation (NYSE:
ETN) today announced it has completed its acquisition of Polimer
Kauçuk Sanayi ve Pazarlama A.Ş., a Turkish manufacturer of
hydraulic and industrial hose. The company’s headquarters are
located near Istanbul and many of its products are sold globally
under the SEL Hose brand. The transaction was announced February
24, 2012.
Polimer Kauçuk Sanayi ve Pazarlama A.Ş.’s primary markets
include construction, mining, agriculture, oil and gas,
manufacturing, food and beverage, and chemicals. Founded in 1957,
the business employs 2,100 people and had 2011 sales of
approximately $335 million.
Eaton Corporation is a diversified power management company with
more than 100 years of experience providing energy-efficient
solutions that help our customers effectively manage electrical,
hydraulic and mechanical power. With 2011 sales of $16.0 billion,
Eaton is a global technology leader in electrical components,
systems and services for power quality, distribution and control;
hydraulics components, systems and services for industrial and
mobile equipment; aerospace fuel, hydraulics and pneumatic systems
for commercial and military use; and truck and automotive
drivetrain and powertrain systems for performance, fuel economy and
safety. Eaton has approximately 72,000 employees and sells products
to customers in more than 150 countries. For more information,
visit www.eaton.com.
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