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.