Eaton Agrees to Acquire Turkish Hose Manufacturer Polimer Kaucuk Sanayi ve Pazarlama A.S.
Announces Increase in Full Year Earnings Per Share Guidance of $.03; Operating Earnings Per Share Guidance Raised by $.05
CLEVELAND, Feb 24, 2012 (BUSINESS WIRE) -- Diversified industrial manufacturer Eaton Corporation ETN +0.17% today announced it has agreed to acquire Polimer Kaucuk Sanayi ve Pazarlama A.S., a Turkish manufacturer of hydraulic and industrial hose. The company's headquarters are located near Istanbul and many of its products are sold globally under the SEL Hose brand name. The company's primary markets include construction, mining, agriculture, oil and gas, manufacturing, food and beverage, and chemicals. The deal is subject to customary closing conditions. Terms were not disclosed.
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