CLEVELAND -- Diversified industrial manufacturer Eaton Corp. has announced that it has completed the sale of its Mirror Controls Division to funds managed by Englefield LLP, a 2.5 billion private equity firm, for $111 million. Eaton announced on June 22 that it reached a definitive agreement to sell the division.
Eaton’s Mirror Controls Division, part of the company’s Automotive Group, employs approximately 630 people and has four manufacturing operations. The business produces mirror actuators and power-fold actuators for exterior mirror systems. Sales in 2006 were approximately $135 million.
For more information about Eaton, go to: http://www.eaton.com/