CLEVELAND -- Eaton Corp. announced this week plans to purchase Pigozzi S.A. Engrenagens e Transmissoes, an agricultural powertrain business located in Caxias do Sul, Brazil.

Pigozzi produces agricultural powertrain products, including transmissions, rotors and other drivetrain components for tractors and harvesters. The business had revenues of about $42 million in 2004.

Eaton is buying the business for $30 million, and the transaction is expected to close in early March.

"Pigozzi's complementary product lines provide Eaton with the capability to deliver complete powertrains to our global customers," said James Sweetnam, senior vice president and group executive for Eaton's truck business. "The purchase strengthens our position in the agricultural market, offering products and business opportunities for both our truck and fluid power groups."

For more information about Eaton, go to: www.eaton.com.

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