CLEVELAND March 24, 2006 - Diversified industrial manufacturer Eaton Corporation (NYSE: ETN) announced today it has acquired Marina Power and Lighting, a manufacturer of marine duty electrical distribution products. Terms were not disclosed.
Marina Power and Lighting manufactures dockside power pedestals, marine power distribution substations and recreational vehicle (RV) park power outlets. The company is based in Williamsburg, Va., and had 2005 sales of $11 million.
"The acquisition of Marina Power and Lighting expands our presence in the growing marina market and enables Eaton to provide a complete turnkey power solution," said Randy Carson, Eaton senior vice president and president - Electrical Group. "When combined with our existing power outlet product line, Eaton will be able to offer customers a solution for all of their power outlet and substation applications."
Eaton’s electrical business is a global leader in electrical control, power distribution, uninterruptible power supply and industrial automation products and services. Eaton’s global brands, including Powerware® and Cutler-Hammer®, provide customer-driven PowerChain Management™ solutions to serve the power system needs of the industrial, utility, light commercial, residential, IT and OEM markets worldwide. For more information, visit www.EatonElectrical.com
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 59,000 employees and sells products to customers in more than 125 countries. For more information, visit www.eaton.com.