ERJ staff report (R&PN)
Cleveland, Ohio - Eaton Corp. said it has completed its purchase of Turkish hydraulic and industrial hose maker Polimer Kaucuk Sanayi ve Pazarlama A.S.
The firm is based near Istanbul and markets its product globally under the SEL Hose brand. Eaton hasn't disclosed the cost of the acquisitions.
The transaction, announced in February, gives Eaton a 55-year-old company that employs 2,100 and had 2011 sales of about $335 million. Polimer Kaucuk's primary markets include construction, mining, agriculture, oil and gas, manufacturing, food and beverage, and chemicals.
From Rubber & Plastics News (A Crain publication)
Press release from Eaton