Eaton Completes Walterscheid Purchase
Diversified industrial manufacturer Eaton Corporation announced today it has completed the purchase of Walterscheid Rohrverbindungstechnik GmbH (Walterscheid) from GKN plc, a London-based automotive and aerospace supplier.
Eaton reported on June 22 that it reached agreement with GKN to purchase Walterscheid for $48 million. Walterscheid is a German manufacturer of hydraulic tube connectors and fittings and had 2003 sales of $52 million. Its products are used in mobile and stationary markets such as construction, agricultural equipment and machine tools.
Source: Eaton Corporation plc