Eaton Acquires Mexican Clutch Business
Aug 1, 2001 12:00 PM
Eaton Corp has acquired the heavy- and medium-duty truck clutch manufacturing assets of Transmisiones TSP SA de CV for an undisclosed amount. With $10 million in sales in 2000, TSP is located in Queretaro, Mexico, and has been a licensee of technology from Eaton and its predecessors since 1973. TSP, an indirect subsidiary of DESC SA de CV and Dana Corp, sells its products to original equipment manufacturers and the independent aftermarket in Mexico. The transmission business of DESC and Dana — including TTC Transmission, TREMEC, and TTSP — are not involved in this transaction.
Eaton plans to relocate the acquired assets to its newest facility in San Luis Potosi, Mexico. The company said this transition will occur as the San Luis Potosi plant becomes operational over the next several months.
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