Eaton To Acquire Chilean Electrical Manufacturer

CLEVELAND (AP) â¿¿ Diversified manufacturer Eaton Corp. said Tuesday it agreed to acquire Chilean electrical manufacturer Rolec Comercial e Industrial SA as it expands in South America.

Terms were undisclosed.

Eaton said the deal will help boost its business in target growth markets in Chile and Peru, including the mining, pulp and paper, and energy infrastructure sectors.

Eaton has approximately 73,000 employees and sells products to customers in more than 150 countries. Shares of the company fell 53 cents to close at $45.64, then added 53 cents in after-hours trading.
Copyright 2011 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

If you liked this article you might like

Fight Off Complacency: Cramer's 'Mad Money' Recap (Fri 9/15/17)

Cramer: Another Reason to Be Skeptical of the Government

The Industrial Renaissance Is Upon Us -- Jim Cramer Reveals How to Play It

Blue Apron, Philip Morris, Honeywell, Becton Dickinson: 'Mad Money' Lightning Round

Buy These High-Octane Stocks on a Dip: Cramer's 'Mad Money' Recap (Monday 8/7/17)