Eaton to Purchase Thermoplastic Hose and Tubing Manufacturer Synflex

March 21, 2006 — Diversified industrial manufacturer Eaton Corp., Cleveland, recently signed an agreement with Saint-Gobain Performance Plastics Corp. to purchase its Synflex business unit. The transaction, expected to close by the end of March, is subject to regulatory approvals and other customary closing conditions. Terms were not disclosed. Synflex, which had 2005 sales of about $120 million, makes thermoplastic hoses and tubing for a range of industries, including transportation, beverage dispensing, fluid power, and specialty applications.

 

"The acquisition of Synflex will provide Eaton with an expanded range of thermoplastic hose and tubing products for customers in a broad range of fluid conveyance applications, including the transportation, oil and gas, material handling, and utility industries," said Craig Arnold, senior vice president and president - Fluid Power Group.