Eaton Corp to buy Tractech Holdings
Jul 18, 2005 7:09 AM
Eaton Corp, Cleveland OH, plans to purchase Tractech Holdings Inc, a global manufacturer of specialized differentials and clutch components for the commercial vehicle markets.
The $54-million-transaction is expected to close by the end of August, according to Eaton information.
Tractech had 2004 sales of $43 million and employs about 170 people.
The business is headquartered in Madison Heights MI and has manufacturing operations in Sligo, Ireland, northeast of Dublin.
Tractech designs and manufactures highly specialized traction-modifying differentials and centrifugal clutches for the agricultural, construction, medium and heavy-duty truck, military, and specialty vehicle markets.
Tractech also sells into the aftermarket of these markets.
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