In the 1970s, decreased demand for American cars severely affected the three largest manufacturers of automobile components: Bendix Corporation, Rockwell International, and Eaton. At the beginning of 1986, Eaton had $1 billion available for financing acquisitions, and, by July of that year, it had purchased three more companies: Consolidated Controls (precision instruments), Singer Controls (switches and valves), and Pacific-Sierra Research (defense and computer systems). What makes Eaton stand out amongst our peers is our power management focus, our values-based culture and our philosophy to run the enterprise as an integrated operating company. Eaton also bolstered its fluid power business by acquiring Walterscheid Rohrverbindungstechnik GmbH, a German manufacturer of hydraulic tube connectors and fittings, from GKN plc in September 2004 for $48 million. Add reviews and photos for Eaton Corp. Eaton Corp appears in: Electricians, Electric Equipment & Supplies Wholesale & Manufacturers, Aerospace, Telecommunications Equipment Wholesale & … Eaton Corporation has 736 total employees across all of its locations and generates $7.14 million in sales (USD). The purchase, completed in February 1994 and at that point the largest in the company's history, advanced Eaton to a top position in industrial control and power distribution markets, providing such products as circuit breakers. Menu & Reservations Make Reservations . OH Eaton also finally unloaded the noncore AIL defense electronics business, selling a majority of its stock to AIL's management and an AIL employee stock ownership plan. The reincorporation in Ireland as part of the Cooper merger involved establishing a registered head office in … 50 Eaton jobs available in Beachwood, OH on Indeed.com. (Brazil); Aeroquip-Vickers Canada Inc.; Eaton Yale Ltd. (Canada); Eaton China Investments Co., Ltd. (China); Eaton Truck & Bus Components Company (Shanghai) Co. Ltd. (China); Eaton Fluid Power (Jining) Co. Ltd. (China); Eaton Fluid Power (Shanghai) Co. Ltd. (China); Shanghai Eaton Engine Components Company, Ltd. (China); Zhenjiang Holec Electrical Systems Company Limited (China); Eaton Industries s.r.o. All rights reserved. A strong believer in "divisional autonomy," Virden ensured that Eaton's subsidiaries and divisions maintained a large degree of managerial independence. We see them around but we don't know what goes on behind the scenes. Yale & Towne was acquired by Eaton on October 31, 1963, and a full merger occurred on January 1, 1966, under the name of Eaton Yale & Towne Inc. During this time, Eaton's auto parts division suffered a temporary setback when General Motors, one of Eaton's primary customers, reduced its orders after model changes and higher wages forced the auto manufacturer to scale down production. Shortly thereafter, in 2013, the company moved its headquarters to a 580,000 square foot facility in suburban BEACHWOOD. Unable to sell the subsidiary, Eaton sustained it as a discontinued operation until mid-1993, when it was "reconsolidated," according to that year's annual report. With plants in several states, Eaton was one of the largest automotive-parts manufacturers in the U.S. and its diverse product line enabled the company to survive the Depression. In November 2002 the company bought the Boston Weatherhead division of Dana Corp. for $130 million. Get directions, reviews and information for Eaton Corp in Cleveland, TN. Taking over as chairman, president, and CEO was Cutler. At 10 a.m. EST today, e-mail service was restored. (Czech Republic); Eaton Holec, AS (Denmark); Eaton Holec, OY (Finland); Eaton S.A. (France); Eaton Technologies S.A. (France); Eaton Automotive G.m.b.H. Late in 1997, for example, its appliance controls business was sold to Siebe plc for $310 million. Livia was purchased by Eaton in 1961. Find 58 listings related to Eaton Corporation in Cleveland on YP.com. When the United States became involved in World War II, Eaton, as a primary manufacturer of vehicle parts, produced a variety of items for the war effort. Stephen R. Hardis, vice-chairman and CFO since 1986, was named CEO and chairman. Cleveland, From 1920s-1964 Eaton was based on East 140th Street in Cleveland, Ohio. (Spain); Eaton Holec, AB (Sweden); Eaton Industries G.m.b.H. Products, Inc.; Powerware Corporation; Aeroquip-Vickers, Inc.; Eaton Electrical IDT Inc.; Eaton Leasing Corporation; U.S. Engine Valve; Eaton Pty. (Malaysia); Eaton Electrical Mexicana, S.A. (Mexico); Eaton Controls, S. de R.L. The company weathered the Great Depression, acquiring several companies that were nearing bankruptcy. Source: International Directory of Company Histories, Vol.67. Eaton relocated to its new 580,000 square foot facility, named Eaton Center, in Beachwood, Ohioin early 2013. Eaton Corp 1750 Hardeman Ln NE Cleveland TN 37312. Then in 1917, by which time production had soared to 33,000, the company was sold to Republic Motor Truck Co., the largest truck maker in the country. 1971: Company's name is changed to Eaton Corporation. Determined to reduce the company's exposure to the vagaries of the automotive components business, de Windt declared that Eaton had now dedicated itself to becoming a "high technology company servicing the growth markets of the 1980s.". Reviews (423) 476-8747 Website. In June 2004 Eaton acquired Powerware Corporation, the power systems business of Invensys plc, for $560 million. 1978: Electronics company Cutler-Hammer Inc. is acquired; the Yale lock and security business is divested. Limited (South Africa); Eaton Automotive Controls Limited (South Korea); Eaton Limited (South Korea); Eaton S.L. In January 2003 Eaton acquired the electrical division of Delta plc for $215 million. In 2012 Eaton made a major expansion though the purchase of Cooper Industries, an Irish-based company. (Germany); Walterscheid Rohrverbindungstechnik GmbH (Germany); Eaton Electric & Engineering Services, Limited (Hong Kong); Eaton Limited (Hong Kong); Eaton Industries Private Ltd. (India); Eaton Automotive Ltd. (Ireland); Eaton Automotive Srl (Italy); Eaton Srl (Italy); Eaton Fluid Power Srl (Italy); Eaton Fluid Power Limited (Japan); Eaton Japan Co., Ltd.; Eaton Holding S.a r.l. In 1999, Eaton purchased Aeroquip-Vickers for $1.7 billion, the company's largest acquisition to date. Eaton intended to combine the resources of these three companies in order to develop a new line of factory automation products. The company's principal address is 1000 Eaton Blvd, Cleveland, OH 44122-6058 and its mailing address is 1000 Eaton Blvd 1111 Superior Avenue, Cleveland, OH … My time at Eaton Airflex was cut short due to relocation. Following the merger with Yale & Towne, the company executed a careful integration of managerial personnel; officials at Yale & Towne were given important permanent positions in the new company. de C.V. (Mexico); Eaton Molded Products S. de R.L. Continuing to seek strategic acquisitions and grow overseas, Eaton spent $135 million in March 1996 for CAPCO Automotive Products, a Brazilian producer of manual transmissions for medium trucks. From 1984 to 1993, Eaton invested almost $1.7 billion in capital improvements and $2.3 billion in research and development, which enabled it to introduce several new products in the early 1990s. The pay and benefits at Eaton Hydraulics are good, and upper management is very lenient and accommodating. de C.V. (Mexico); Eaton Industries S. de R.L. In 1966, the company changed its name to Eaton, Yale, & Towne, Inc. 900, Dallas, TX 75201-3136. Eaton Corp.'s diverse holdings led to sales totalling $7.2 billion in 2002. Eaton Corp. is closing its Berea factory that has made quick connect couplings for hydraulic lines used in construction, mining, defense and energy markets. Like any place there were a lot of ups and downs. In 1918, Torbensen Axle became a subsidiary of the Republic Motor Truck Co., then the largest truck manufacturer in the U.S. and Torbensen's biggest customer. In 1946 Eaton purchased the Dynamatic Corporation and one year later established a joint sales and engineering company with two British firms, Rubry Owen and E.N.V. Also in 2003 the industrial and commercial control business along with the Cutler-Hammer unit were renamed Eaton Electrical Inc. Eaton has approximately 102,000 employees and sells products to customers in more than 175 countries. The Registered Agent on file for this company is C T Corporation System and is located at 300 Montvue Rd, Knoxville, TN 37919-5546. Domestic sales from its automotive division continued, however, to provide the largest share, over 50 percent, of Eaton's revenues. Diversification Through Acquisition: 1958-73. Ltd. (Singapore); Eaton Truck Components (Pty.) Electric Supplies in Cleveland, TN. The company has 6 principals on record. 44106-7107, http://www.eaton.com/EatonCom/OurCompany/AboutUs/EatonHistory/index.htm. 51 Eaton jobs in Cleveland, OH. Continuing to Evolve in the Early 21st Century. In addition, the work culture is very cutthroat, and it is difficult to affect positive change due to overly competitive peers. (Austria); Eaton Holec Componenten N.V. (Belgium); Eaton Ltda. Eaton Aerospace Group Fuel & Motion Control Systems Division 23555 Euclid Avenue Cleveland, Ohio 44117 Phone: (216) 692-6000 Fax: (216) 692-6331 Cage Code: 59875 Diversification of its product line also included a new line of parts for aircraft engines. Continued acquisitions into the following decade gave the company expertise in the manufacture of valves, pumps, and precision engine parts. As a result, all three companies attempted further diversification of their operations. It is one of the global technology leaders… During the development stage, however, high capital investments and low profit margins ensued, and Eaton began to struggle financially. The structure was one of the structures that expanded Cleveland's central business district eastward in the early-1980s building boom in the city. In April 1999, in its biggest acquisition yet, Eaton paid $1.7 billion in cash for Aeroquip-Vickers, Inc., a producer of industrial hydraulic equipment based in Maumee, Ohio. The Registered Agent on file for this company is Ct Corp System and is located at 1999 Bryan St., Ste. 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