Eaton Corporation's Aeroquip business unit acquires Honeywell product lines

Mon Apr 3, 2000 -

CLEVELAND, OHIO…Eaton Corporation (NYSE:ETN) announced that its Aeroquip business unit has acquired the Ocala, Florida-based clamps, flanges, seals and flexible joint business of Honeywell International, Inc., for an undisclosed amount. The Ocala plant employs 100 and serves aerospace industry customers.

Eaton Aeroquip indicated the Honeywell business will provide significant product synergies with its existing fluid connectors core business, and additional market presence in Europe. Customers include Aerospatiale, Honeywell Aerospace, American Airlines, Boeing, British Airways, Eurocopter, General Electric, Pratt and Whitney, and US Airways.

Eaton Corporation's Aeroquip business unit is a leading manufacturer of industrial, automotive, aerospace and defense products, including flexible hose, fittings and assemblies; custom-engineered molded and extruded plastic products; quick-disconnect and V-band couplings; custom compound hose/tube assemblies; swivel joints; and refrigeration/air conditioning components. The Internet address for Aeroquip is:

Eaton is a global manufacturer of highly engineered products that serve industrial, vehicle, construction, commercial, aerospace and semiconductor markets. Principal products include hydraulic products and fluid connectors, electrical power distribution and control equipment, truck drivetrain systems, engine components, ion implanters and a wide variety of controls. Headquartered in Cleveland, Ohio, the company has 63,000 employees and 195 manufacturing sites in 23 countries. Eaton's sales for 1999 were $8.4 billion.



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Renald Romain


William Hartman, vice president, Investor Relations