Ltd. (Singapore); Eaton Truck Components (Pty.) Cleveland, TN 37312 From Business: Eaton Corporation is a diversified power management company selling products to customers in more than 150 countries. The Eaton Center is a skyscraper in downtown Cleveland, Ohio.The building has 28 stories and rises to a height of 356 feet (109 m). de C.V. (Mexico); Eaton Automotive B.V. (Netherlands); Eaton B.V. (Netherlands); Eaton International B.V. (Netherlands); Vickers Systems Limited (New Zealand); Eaton Automotive Spolka z o.o. Introduced in 1993, AutoSelect promised the trucking industry increased fuel efficiency, safer and easier driving, and drastically lowered training costs. Continuing to Evolve in the Early 21st Century. (Spain); Eaton Holec, AB (Sweden); Eaton Industries G.m.b.H. Products, Inc.; Powerware Corporation; Aeroquip-Vickers, Inc.; Eaton Electrical IDT Inc.; Eaton Leasing Corporation; U.S. Engine Valve; Eaton Pty. New Eaton Corporation jobs added daily. By 1993, other Eaton operations in the area included its Airflex plant in BROOKLYN, Telecomputer Center in Eastlake, and Manufacturing Technologies Center in Willoughby Hills. Eaton relocated to its new 580,000 square foot facility, named Eaton Center, in Beachwood, Ohioin early 2013. (Germany); Eaton G.m.b.H. We provide sustainable solutions that help our customers effectively manage electrical, hydraulic and mechanical power – … This unit was taken public as Axcelis Technologies, Inc. in July 2000 through an initial public offering of 18 percent of its stock. Privacy Policy, Aeppel, Timothy, "Eaton to Pay $1.7 Billion for Aeroquip,", Bergstrom, Robin Yale, "Eaton: The Next Level,", Cochran, Thomas N., "Rusty No More: Eaton Corp. Its revenues for 1998 were $2.15 billion. Under Virden, Eaton made 23 major acquisitions between 1958 and 1973, including Fuller Manufacturing Co., which produced automotive transmissions (1958); Dole Valve Co. (1963), the deal through which Eaton entered the appliance and automotive controls sectors; and, perhaps more importantly, the Yale & Towne Manufacturing Company. Leverage your professional network, and get hired. Eaton’s mission is to improve the quality of life and the environment through the use of power management technologies and services. During 1995 Butler retired after 38 years with the company. At 10 a.m. EST today, e-mail service was restored. Add reviews and photos for Eaton Corp. Eaton Corp appears in: Electricians, Electric Equipment & Supplies Wholesale & Manufacturers, Aerospace, Telecommunications Equipment Wholesale & … The company's name was changed once again on April 21, 1971, to Eaton Corporation. To finance the acquisition, Eaton subsequently sold off several operations, some of which had come to the company through Aeroquip-Vickers: Eaton's engineered fasteners business, to TransTechnology Corp.; its fluid power division, producer of engine cooling systems for cars and trucks, to Borg-Warner Automotive, Inc.; its Vickers electronic systems division, to Siemens Energy and Automation, Inc.; and its mobile hydraulic cylinder business, to Hyco International, Inc. Eaton also reorganized its operations into five segments: automotive components, fluid power and other components, industrial and commercial controls, semiconductor equipment, and truck components. Even so, automotive components, which had accounted for 79 percent of Eaton's sales in 1977, were down to 46 percent by 1983. Eaton uses cookies to help us give you the best experience on our website. In addition, the work culture is very cutthroat, and it is difficult to affect positive change due to overly competitive peers. Eaton also finally unloaded the noncore AIL defense electronics business, selling a majority of its stock to AIL's management and an AIL employee stock ownership plan. The Eaton Corporation is a diversified industrial manufacturer with annual sales of more than $11 billion. CLEVELAND, OHIO… Yesterday, Eaton Corporation (NYSE:ETN) ceased processing e-mail to and from the Internet due to the effects of the ILOVEYOU computer virus. 1978: Electronics company Cutler-Hammer Inc. is acquired; the Yale lock and security business is divested. The purchase, completed in February 1994 and at that point the largest in the company's history, advanced Eaton to a top position in industrial control and power distribution markets, providing such products as circuit breakers. 900, Dallas, TX 75201-3136. Eaton intended to combine the resources of these three companies in order to develop a new line of factory automation products. Having thoroughly overhauled both the operations and the management ranks--59 of the top 73 positions at the company were filled by new people, half outsiders, since 1995--Hardis retired in July 2000. 44106, 10900 Euclid Ave. Proceeds from the IPO were used to pay down debt, which stood at approximately $3 billion early in 2000. What makes Eaton stand out amongst our peers is our power management focus, our values-based culture and our philosophy to run the enterprise as an integrated operating company. In 1994, Eaton acquired Westinghouse Corp.'s power distribution and control business for $1.1 billion, a move that increased Eaton's sales by $1 billion in the first year and allowed the company to further consolidate its position in the industrial electronics industry. The Registered Agent on file for this company is Ct Corp System and is located at 1999 Bryan St., Ste. Eaton also continued to divest operations in which it did hold clear leadership positions. de C.V. (Mexico); Eaton Truck Components, S. de R.L. Domestic sales from its automotive division continued, however, to provide the largest share, over 50 percent, of Eaton's revenues. It was suspended from bidding on new Air Force contracts, and, in March 1988, AIL paid the Department of Defense $9.5 million to settle improper billing charges. Eaton's global expansion resulted in annual sales increases from 13.4 percent in 1985 to nearly 30 percent by 1993. Founded in 1911 by Viggo Torbensen, Joseph Oriel Eaton, and Eaton's brother-in-law, Henning O. Taube, the company moved from its original location in Bloomfield, New Jersey to Cleveland in 1915. John C. Virden was named president of Eaton in 1958 and followed the company's diversification policy. Eaton Aerospace Group Fuel & Motion Control Systems Division 23555 Euclid Avenue Cleveland, Ohio 44117 Phone: (216) 692-6000 Fax: (216) 692-6331 Cage Code: 59875 Whereas Bendix acquired new product lines, and Rockwell added electronics products to its line, Eaton began to focus on the less volatile truck components market, as well as on expansion into foreign markets. Depending on your view on unions, Eaton airflex is a union shop, so the pay is pretty good. (Austria); Eaton Holec Componenten N.V. (Belgium); Eaton Ltda. The pay and benefits at Eaton Hydraulics are good, and upper management is very lenient and accommodating. In 1978, with the automotive market still sluggish, Eaton made three acquisitions: Samuel Moore & Company, a manufacturer of hydraulic motors and transmissions; Kenway, a company specializing in robotic warehouse storage systems; and, most importantly, the electronics company Cutler-Hammer Inc., whose AIL electronics division had developed the ALQ-161 advanced radar counter-measures system for Rockwell's B-1 bomber and had also been chosen by NASA to build the landing system for the space shuttles. The following year, Eaton sold or closed down 18 subsidiaries whose profits were marginal or nonexistent. From its new plant in EAST CLEVELAND, Joseph Eaton bought control of Torbensen Axle in 1922, and with the acquisition of two spring manufacturers and, in 1928, a heater manufacturer, the Eaton Axles and Spring Co. (as it was known since 1923) diversified its production to include automobile components. An article in the June 1993 issue of Forbes magazine suggested that AutoSelect might also be intended to attract more female drivers to the shorthanded trucking industry, an allegation that Eaton strongly denied. 42 Eaton jobs available in Cleveland, OH on Indeed.com. Apply to Sales Engineer, Owner/Manager, Senior Manager and more! It was also during this period that William E. Butler took over as CEO, starting in 1991. Get reviews, hours, directions, coupons and more for Eaton Corporation at 12875 Corporate Dr, Cleveland, OH 44130. See reviews, photos, directions, phone numbers and more for Eaton Corporation locations in Cleveland, OH. One noteworthy innovation was the AutoSelect automatic transmission, the result of $10 million and six years of planning. Cleveland, Search job openings, see if they fit - company salaries, reviews, and more posted by Eaton employees. Despite its continued committment to the region, Eaton Corp.'s acquisitions throughout the 1990s characterized a company equally committed to further diversification. (Switzerland); Eaton SA (Switzerland); Rubberon Technology Corporation Limited (Thailand); Eaton Electric Limited (U.K.); Eaton Limited (U.K.); Cutler-Hammer de Venezuela S.A. From 1920s-1964 Eaton was based on East 140th Street in Cleveland, Ohio. Apply to Intern, Production Supervisor, Supply Chain Manager and more! Aeroquip-Vickers produced hydraulic pumps, cylinders, motors, and drives as well as fittings and hoses for industrial, aerospace, and automotive markets. Also in 2003 the industrial and commercial control business along with the Cutler-Hammer unit were renamed Eaton Electrical Inc. (formerly Cleveland Worm & Gear) and closed the old Tinnerman fastener plant at 8700 Brookpark after the workers refused to agree to concessions. The deal made Eaton the number two player in the hydraulic equipment market, trailing only Parker Hannifin Corporation. While Eaton continued its expansion in high-tech electronics, automotive drivetrains and truck components, the company divested itself of several divisions, including its worldwise axles, brake, and automotive leaf spring businesses, which effectively ended Eaton's original two product lines. In March 2001 Eaton purchased Sumitomo Heavy Industries, Ltd.'s 50 percent interest in the two companies' fluid-power joint venture in Japan, which was subsequently renamed Eaton Fluid Power Limited. The Registered Agent on file for this company is C T Corporation System and is located at 300 Montvue Rd, Knoxville, TN 37919-5546. The Eaton Business System (EBS) is the embodiment of our integrated operating company philosophy — it is how we work at Eaton and how we run our company in a common way. The company's principal address is 1000 Eaton Blvd, Cleveland, OH 44122-6058 and its mailing address is 1000 Eaton Blvd 1111 Superior Avenue, Cleveland, OH … Jim Stover, president and chief operating officer of Eaton since 1979, was named chairperson and CEO when de Windt retired on April 23, 1986. The Registered Agent on file for this company is Ct Corporation System and is located at 4701 Cox Road, Suite 285, Glen Allen, VA 23060-0000. Limited (South Africa); Eaton Automotive Controls Limited (South Korea); Eaton Limited (South Korea); Eaton S.L. Yale & Towne was founded in the 1870s by the inventor Linus Yale, Jr., who developed a revolutionary pin-tumbler cylinder lock, or padlock, which proved popular and has remained essentially unchanged since its invention. This segment of Eaton's business had suffered several other setbacks during this period as well. (Brazil); Aeroquip-Vickers Canada Inc.; Eaton Yale Ltd. (Canada); Eaton China Investments Co., Ltd. (China); Eaton Truck & Bus Components Company (Shanghai) Co. Ltd. (China); Eaton Fluid Power (Jining) Co. Ltd. (China); Eaton Fluid Power (Shanghai) Co. Ltd. (China); Shanghai Eaton Engine Components Company, Ltd. (China); Zhenjiang Holec Electrical Systems Company Limited (China); Eaton Industries s.r.o. The EATON CORP., a diversified industrial manufacturer which makes fluid power, electrical, automotive, and truck products, was founded as the Torbensen Gear & Axle Co. to make truck axles.Founded in 1911 by Viggo Torbensen, Joseph Oriel Eaton, and Eaton's brother-in-law, Henning O. Taube, the company moved from its original location in Bloomfield, New Jersey to Cleveland in 1915. My time at Eaton Airflex was cut short due to relocation. As a result, all three companies attempted further diversification of their operations. (Poland); Eaton Truck Components S.A. (Poland); Eaton Electric Switchgear (Asia Pacific) Pte. During this time, sales from the electronic components division rose dramatically from 21 percent of turnover in 1977 to 54 percent in 1983. The company's filing status is listed as In Existence and its File Number is 0002578106. Like any place there were a lot of ups and downs. The layoffs will begin in … Over the next few years, with the economic downturn providing a particularly difficult environment for industrial manufacturers, Eaton managed to consistently beat the expectations of Wall Street and remain profitable, culminating in 2003 in net income of $386 million on sales of $8.06 billion. Under the leadership of E. Mandell de Windt, Eaton Corp. carefully planned its future acquisitions with an eye to recession-resistant diversity and balance. Eaton Corp. is closing its Berea factory that has made quick connect couplings for hydraulic lines used in construction, mining, defense and energy markets. Legal Notice | Privacy Policy, Mather House, Room 308 By the late 1930s industrial growth was stimulated by President Roosevelt's New Deal program, and demand for products from the Eaton Manufacturing Company--a name change registered in May 1932--increased slowly and steadily. But, something much smaller could help … Yale & Towne was acquired by Eaton on October 31, 1963, and a full merger occurred on January 1, 1966, under the name of Eaton Yale & Towne Inc. During this time, Eaton's auto parts division suffered a temporary setback when General Motors, one of Eaton's primary customers, reduced its orders after model changes and higher wages forced the auto manufacturer to scale down production. The main thing I will take away from this place is the dysfunctional front office staff. The EATON CORP., a diversified industrial manufacturer which makes fluid power, electrical, automotive, and truck products, was founded as the Torbensen Gear & Axle Co. to make truck axles. Cleveland, In an example of the company's increasing shift to high-tech business lines--and as a reflection of a 50 percent increase in R&D spending that Hardis enacted--Eaton introduced the VORAD Safety System, a radar unit designed to provide visual and audible warnings to truck drivers if they are too close to a vehicle ahead. Today's top 83 Eaton Corporation jobs in Cleveland, Ohio, United States. Building its semiconductor business, through which Eaton had a dominant position in the market for ion implanters, used to produce memory chips, the company in July 1997 acquired Fusion Systems Corp., a maker of semiconductor equipment based in Rockville, Maryland, for about $293 million. The firm changed its name yet again in 1971 to Eaton Corp. and throughout the 1970s, the company was adversely affected by declining sales of domestic vehicles. Alexander M. Cutler, a strong operations executive who had run the controls group since 1989 and who had joined the company when Cutler-Hammer was acquired in 1978, was named president and chief operating officer. OH Continuing to seek strategic acquisitions and grow overseas, Eaton spent $135 million in March 1996 for CAPCO Automotive Products, a Brazilian producer of manual transmissions for medium trucks. Get directions, reviews and information for Eaton Corp in Cleveland, TN. In 1918, Torbensen Axle became a subsidiary of the Republic Motor Truck Co., then the largest truck manufacturer in the U.S. and Torbensen's biggest customer. Eaton Corporation is located in Cleveland, OH, United States and is part of the Industrial Control Products Manufacturing Industry. Shortly thereafter, in 2013, the company moved its headquarters to a 580,000 square foot facility in suburban BEACHWOOD. The structure was one of the structures that expanded Cleveland's central business district eastward in the early-1980s building boom in the city. In April 1999, in its biggest acquisition yet, Eaton paid $1.7 billion in cash for Aeroquip-Vickers, Inc., a producer of industrial hydraulic equipment based in Maumee, Ohio. 51 Eaton jobs in Cleveland, OH. It is one of the global technology leaders… From 1984 to 1993, Eaton invested almost $1.7 billion in capital improvements and $2.3 billion in research and development, which enabled it to introduce several new products in the early 1990s. With plants in several states, Eaton was one of the largest automotive-parts manufacturers in the U.S. and its diverse product line enabled the company to survive the Depression. Eaton enjoyed its best year ever in 1999, posting net income of $617 million on revenues of $8.4 billion. See reviews, photos, directions, phone numbers and more for Eaton Corporation locations in Cleveland, OH. Source: International Directory of Company Histories, Vol.67. In 1953 Livia, a small Italian manufacturer of engine valves, acquired technological assistance and a production license from Eaton. In 1922 Eaton reentered the picture, buying back his original company from Republic Motor Truck Co. and renaming it one year later the Eaton Axle and Spring Co. Over the next several years, the company acquired several smaller auto parts manufacturers, including makers of chassis leaf springs, bumpers, engine valves and tappets, and coil springs. Eaton Corporation also provides aerospace fuel, hydraulic and pneumatic systems for commercial and military use. Livia was purchased by Eaton in 1961. In that year, Eaton Corporation moved into a 28-story Cleveland office tower which was renamed for it. Reviews (423) 476-8747 Website. Although Eaton profited handsomely from the popularity of power steering and air-conditioning (which the company introduced in 1955), it was the 1963 merger with the local and material-handling products maker Yale & Towne, Inc., that moved Eaton into new markets. By 2003, Eaton Corp.'s diversified industrial manufacturing operations served markets ranging from commercial aerospace, military defense, automobile, and truck components, to industrial machinery and electrical distribution and control equipment. Diversification Through Acquisition: 1958-73. Nevertheless, profits rebounded the following year, fueled by surging sales in the North American market for sport utility vehicles. In January 2003 Eaton acquired the electrical division of Delta plc for $215 million. The company is a global leader in fluid power systems and services for industrial, mobile, and aircraft equipment; electrical systems and components for power quality, distribution, and control; automotive engine air management systems and power-train controls for fuel economy; and intelligent drive-train systems for fuel economy and safety in trucks. In November 2002 the company bought the Boston Weatherhead division of Dana Corp. for $130 million. Find 58 listings related to Eaton Corporation in Cleveland on YP.com. (Czech Republic); Eaton Holec, AS (Denmark); Eaton Holec, OY (Finland); Eaton S.A. (France); Eaton Technologies S.A. (France); Eaton Automotive G.m.b.H. There are 1281 companies in the Eaton Corporation … Copyright (c) 2019 Company-Histories.com. & Co. K.G. 216.368.2000 Continued acquisitions into the following decade gave the company expertise in the manufacture of valves, pumps, and precision engine parts. We see them around but we don't know what goes on behind the scenes. When the United States became involved in World War II, Eaton, as a primary manufacturer of vehicle parts, produced a variety of items for the war effort. EATON CORPORATION PUBLIC LIMITED COMPANY (Ireland, 10 May 2012 - ) EATON CAPITAL GLOBAL HOLDINGS UNLIMITED COMPANY (Ireland, 1 Sep 2017 - ) EATON CORPORATION (New Jersey (US), 25 Apr 1955 - ) branch EATON CORPORATION (Delaware (US), 3 Oct 2017 - ) branch EATON CORPORATION (Maine (US), 8 Oct 2008 - ) branch EATON CORPORATION. Eaton Corp in Cleveland, TN -- Get driving directions to 3990 Old Tasso Rd NE Cleveland, TN 37312. Diversification of its product line also included a new line of parts for aircraft engines. All rights reserved. Bhd. The reincorporation in Ireland as part of the Cooper merger involved establishing a registered head office in … Stephen R. Hardis, vice-chairman and CFO since 1986, was named CEO and chairman. As a result, Livia become the exclusive supplier of engine valves for Simca of France as well as for all trucks built by Fiat. When Virden retired in 1969, E. Mandell de Windt, who had joined the company as a production clerk, was elected chairperson. The company markets electrical products under the Powerware, Cutler-Hammer, Durant, Heinemann and Holec brand names to the utility, telecommunications … (Germany); Eaton Fluid Power G.m.b.H. Find 56 listings related to Eaton Corporation in Cleveland on YP.com. Among the brands that Eaton uses to market its products and services are Aeroquip, Airflex, Bill, Boston, Char-Lynn, Challenger, Durant, Eaton Electrical, Elek, Fuller, Golf Pride, Heinemann, Holec, Home Automation, Hydro-Line, MEM, Sterer, Tabula, Tedeco, Vickers, VORAD, and Weatherhead. The company has 6 principals on record. The division's brands included MEM, Holec, Bill, Home Automation, Elek, and Tabula. The new leader oversaw the separation of the semiconductor equipment business. Then in 1917, by which time production had soared to 33,000, the company was sold to Republic Motor Truck Co., the largest truck maker in the country. (Malaysia); Eaton Electrical Mexicana, S.A. (Mexico); Eaton Controls, S. de R.L. The company aimed to pay off the $930 million debt it incurred for the acquisition by 1998. Eaton Corporation is a diversified industrial manufacturer whose operations are divided into four main groups: fluid power, electrical, automotive, and trucks. Three years later, the company's operations were moved to Cleveland, in order to be closer to the auto manufacturers there and in Detroit. Engineering. A strong believer in "divisional autonomy," Virden ensured that Eaton's subsidiaries and divisions maintained a large degree of managerial independence. St. James Press, 2005. Taking over as chairman, president, and CEO was Cutler. In 1966 Eaton Yale & Towne experienced record growth in sales and profits, largely as a result of an expansion in industrial growth. Based in Raleigh, North Carolina, Powerware was a global leader in uninterruptible power systems (UPS) and other devices and services for protecting factories and offices from power surges and power interruptions. Eaton is a power management company with 2014 sales of $22.6 billion. This division produced hose, tubing, and fluid connectors for fluid power systems mainly for the industrial distribution, mobile off-highway, and heavy-duty truck markets. During the development stage, however, high capital investments and low profit margins ensued, and Eaton began to struggle financially. (India, 1 Jan … OH That year, Eaton registered its first loss in 50 years, $189.6 million on sales of $2.4 billion. 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