Eaton to purchase fine filtration business from Dover Resources

 

CLEVELAND ... 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.

 

Contact Information

 

Kelly Jasko, manager, External Communications
(216) 523-5304
KellyMJasko@eaton.com