Eaton announced Nov. 23 it will purchase the businesses of Winner Group Holdings, a China-based company that produces hydraulic hose fittings and adapters. Eaton will use a combination of share and asset purchases to complete the transaction. Winner is based in Hong Kong with four operations in mainland China. It primarily serves the Chinese market with products used in stationary and mobile construction equipment. The company employs about 750 people. Craig Arnold, senior vice president and group executive for Eaton’s fluid power business, said Winner’s portfolio is specifically suited to the Chinese market and strengthens Eaton’s product range. “Its extensive sales network and local manufacturing operations will help us meet customer needs in the growing Chinese market,” Arnold said.
Eaton to buy Chinese hydraulics manufacturer
Dec 5, 2004