June 1, 2012
Eaton Completes Acquisition of Turkish Hose Manufacturer Polimer Kauçuk Sanayi ve Pazarlama A.Ş.
CLEVELAND … 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.