Date: November 8, 2007
Eaton Acquires Arrow Hose & Tubing Inc.
CLEVELAND … Diversified industrial manufacturer Eaton Corporation (NYSE:ETN) today announced it has acquired Arrow Hose & Tubing Inc. Terms were not disclosed.
Arrow Hose & Tubing Inc. is a manufacturer of specialty thermoplastic hose and tubing for the industrial, food and beverage, and agricultural markets. The business had 2006 sales of $12 million. The business employs approximately 60 people and is headquartered in Guelph, Ontario.
"The acquisition of Arrow Hose & Tubing Inc. complements Eaton’s thermoplastic hose and tubing product line, increases the company’s offering to the food and beverage industry, and strengthens our presence in the agriculture markets," said Craig Arnold, Eaton senior vice president and president - Fluid Power Group.
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 63,000 employees and sells products to customers in more than 140 countries.