Brazil was one of five countries the company was targeting for foreign growth, the others being China, India, Mexico, and South Korea. 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. During this time, sales from the electronic components division rose dramatically from 21 percent of turnover in 1977 to 54 percent in 1983. One month later, Eaton sold its vehicle-switch and electronics division to Delphi Automotive Systems Corp. for $300 million. 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. Diversification of its product line also included a new line of parts for aircraft engines. During the development stage, however, high capital investments and low profit margins ensued, and Eaton began to struggle financially. 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. 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. (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. When Virden retired in 1969, E. Mandell de Windt, who had joined the company as a production clerk, was elected chairperson. As of 2016 the company had 95,000 employees. 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. Despite its continued committment to the region, Eaton Corp.'s acquisitions throughout the 1990s characterized a company equally committed to further diversification. The structure was one of the structures that expanded Cleveland's central business district eastward in the early-1980s building boom in the city. All rights reserved. In 1966 Eaton Yale & Towne experienced record growth in sales and profits, largely as a result of an expansion in industrial growth. Stephen R. Hardis, vice-chairman and CFO since 1986, was named CEO and chairman. This segment of Eaton's business had suffered several other setbacks during this period as well. Find 58 listings related to Eaton Corporation in Cleveland on YP.com. Limited (South Africa); Eaton Automotive Controls Limited (South Korea); Eaton Limited (South Korea); Eaton S.L. Depending on your view on unions, Eaton airflex is a union shop, so the pay is pretty good. 1978: Electronics company Cutler-Hammer Inc. is acquired; the Yale lock and security business is divested. As a result, all three companies attempted further diversification of their operations. The company aimed to pay off the $930 million debt it incurred for the acquisition by 1998. Under the leadership of E. Mandell de Windt, Eaton Corp. carefully planned its future acquisitions with an eye to recession-resistant diversity and balance. Search job openings, see if they fit - company salaries, reviews, and more posted by Eaton employees. The division's brands included MEM, Holec, Bill, Home Automation, Elek, and Tabula. The company's filing status is listed as In Existence and its File Number is 0002578106. (Poland); Eaton Truck Components S.A. (Poland); Eaton Electric Switchgear (Asia Pacific) Pte. 44106, 10900 Euclid Ave. In that year, Eaton Corporation moved into a 28-story Cleveland office tower which was renamed for it. It is one of the global technology leaders… The Registered Agent on file for this company is Ct Corp System and is located at 1999 Bryan St., Ste. Eaton Corp. is closing its Berea factory that has made quick connect couplings for hydraulic lines used in construction, mining, defense and energy markets. Expansion into Factory Automation in the Late 1970s. 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. 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. As consumers, we often take for granted all the hard work that goes into building a great company. The main thing I will take away from this place is the dysfunctional front office staff. This organization is not BBB accredited. Eaton also continued to divest operations in which it did hold clear leadership positions. 51 Eaton jobs in Cleveland, OH. Electric Supplies in Cleveland, TN. Jim Stover, president and chief operating officer of Eaton since 1979, was named chairperson and CEO when de Windt retired on April 23, 1986. Legal Notice | Privacy Policy, Mather House, Room 308 Also in 2003 the industrial and commercial control business along with the Cutler-Hammer unit were renamed Eaton Electrical Inc. 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. Livia was purchased by Eaton in 1961. In addition, the company completed several smaller, "fill-in" acquisitions as well as the divestment of a number of nonproductive businesses. My time at Eaton Airflex was cut short due to relocation. 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. The company weathered the Great Depression, acquiring several companies that were nearing bankruptcy. Its revenues for 1998 were $2.15 billion. The Westinghouse deal was a significant force behind a 37 percent increase in revenues in 1994, to $6.05 billion. As a result, Livia become the exclusive supplier of engine valves for Simca of France as well as for all trucks built by Fiat. 44106-7107, http://www.eaton.com/EatonCom/OurCompany/AboutUs/EatonHistory/index.htm. There are 1281 companies in the Eaton Corporation … Nevertheless, Eaton Yale & Towne remained profitable, as its other divisions supported the company until demand for auto parts recovered. One noteworthy innovation was the AutoSelect automatic transmission, the result of $10 million and six years of planning. (Germany); Eaton Holding G.m.b.H. See reviews, photos, directions, phone numbers and more for Eaton Corporation locations in Cleveland, OH. (Austria); Eaton Holec Componenten N.V. (Belgium); Eaton Ltda. Late in 1997, for example, its appliance controls business was sold to Siebe plc for $310 million. In 1911 Joseph Oriel Eaton established a small machine shop in Bloomfield, New Jersey, manufacturing heavy-duty truck axles for the expanding automotive industry. 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. Eaton Corporation has 736 total employees across all of its locations and generates $7.14 million in sales (USD). The purchase gave the company an increasingly strong position in the fluid products industry and, after purchasing the remaining interests in the Japanese SEHYCO (2001) and Chinese JEHYCO (2002) joint ventures, Eaton's fluid power segment was the largest of its four main divisions. Search for other Electric Equipment & Supplies-Wholesale & Manufacturers in Cleveland on The Real Yellow Pages®. The forestry equipment and lift-truck businesses were written off and sold in 1982 for $200 million. (Malaysia); Eaton Electrical Mexicana, S.A. (Mexico); Eaton Controls, S. de R.L. The balance sheet improved significantly as total debt was reduced to less than $2 billion. 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 a Texas Foreign For-Profit Corporation filed on August 8, 1966. 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). In 1919, Joseph Eaton left Republic to form the Eaton Axle Co., which soon became a leading firm in the field. (formerly Cleveland Worm & Gear) and closed the old Tinnerman fastener plant at 8700 Brookpark after the workers refused to agree to concessions. Gordon Patterson, formerly president of Yale & Towne, was named vice-chairperson, and John Virden became chairperson, as Elliot Ludvigsen, a former president of Fuller Manufacturing, was named president. (Germany); Eaton Fluid Power G.m.b.H. Following the merger with Yale & Towne, the company executed a careful integration of managerial personnel; officials at Yale & Towne were given important permanent positions in the new company. These companies soon became suppliers of axles and gears to Ford Motor Company and General Motors Corporation in England. 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. With ten plants and more than 100 locations worldwide, Powerware had revenues of $775 million for the fiscal year ending in March 2004. 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. de C.V. (Mexico); Eaton Molded Products S. de R.L. 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. Headquartered in the United Kingdom with operations in Europe and the Asia-Pacific region, the acquired division specialized in electrical products, systems, and services used for the control and distribution of medium- and low-voltage electricity to protect life, equipment, and buildings. When Yale died in 1913 at the age of 47, Henry Towne took over the company and served as its leader for the next 50 years. In June 2004 Eaton acquired Powerware Corporation, the power systems business of Invensys plc, for $560 million. 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. 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. Eaton also bolstered its fluid power business by acquiring Walterscheid Rohrverbindungstechnik GmbH, a German manufacturer of hydraulic tube connectors and fittings, from GKN plc in September 2004 for $48 million. 216.368.2000 We provide sustainable solutions that help our customers effectively manage electrical, hydraulic and mechanical power – … 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. CLEVELAND — Eaton Corporation is known worldwide for their technology including electrical, aerospace and hydraulics. The Eaton Corporation is a diversified industrial manufacturer with annual sales of more than $11 billion. 1971: Company's name is changed to Eaton Corporation. Aeroquip-Vickers produced hydraulic pumps, cylinders, motors, and drives as well as fittings and hoses for industrial, aerospace, and automotive markets. Continued acquisitions into the following decade gave the company expertise in the manufacture of valves, pumps, and precision engine parts. Eaton Corp.'s diverse holdings led to sales totalling $7.2 billion in 2002. 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. Apply to Intern, Production Supervisor, Supply Chain Manager and more! Eaton's global expansion resulted in annual sales increases from 13.4 percent in 1985 to nearly 30 percent by 1993. 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. Eaton also initiated a $470 million diversification program to develop a new line of factory automation products. Engineering. (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. Add reviews and photos for Eaton Corp. Eaton Corp appears in: Electricians, Electric Equipment & Supplies Wholesale & Manufacturers, Aerospace, Telecommunications Equipment Wholesale & … 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 … Eaton Corp in Cleveland, TN -- Get driving directions to 3990 Old Tasso Rd NE Cleveland, TN 37312. The business areas of Cleveland-based Eaton Corporation resemble an industrial smorgasbord. But, something much smaller could help … Eaton Corporation's Airflex Division, with its facilities in Cleveland, manufactures a variety of industrial clutches, brakes, and assemblies for heavy equipment. Eaton Corp 1750 Hardeman Ln NE Cleveland TN 37312. Eaton enjoyed its best year ever in 1999, posting net income of $617 million on revenues of $8.4 billion. Ltd. (Australia); Eaton Holding G.m.b.H. 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. Eaton intended to combine the resources of these three companies in order to develop a new line of factory automation products. Ltd. (Singapore); Eaton Truck Components (Pty.) Eaton relocated to its new 580,000 square foot facility, named Eaton Center, in Beachwood, Ohioin early 2013. Eaton's major automotive customers, International Harvester (later renamed Navistar International Corp.), Ford, General Motors, and Paccar Inc., had fully recovered from the recession of the mid-1970s and were once again selling a wide range of trucks. That year, Eaton registered its first loss in 50 years, $189.6 million on sales of $2.4 billion. 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. From 1920s-1964 Eaton was based on East 140th Street in Cleveland, Ohio. 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. Stover maintained de Windt's commitment to the company's substantial foreign markets, remarking that Eaton had learned from the recession that "you compete on a global basis or you don't compete at all." Also that year, Eaton bought the IKU Group, a Dutch maker of automotive mirror controls, and Emwest Products, a manufacturer of electrical switch gear and controls based in Australia. Shortly after completion of the deal, Eaton merged the Westinghouse business into its Cutler-Hammer unit, in the process closing eight plants and warehouses and laying off 1,200 employees. 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. 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. The company markets electrical products under the Powerware, Cutler-Hammer, Durant, Heinemann and Holec brand names to the utility, telecommunications … Eaton uses cookies to help us give you the best experience on our website. In November 2002 the company bought the Boston Weatherhead division of Dana Corp. for $130 million. Eaton has approximately 102,000 employees and sells products to customers in more than 175 countries. 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. Eaton Corporation is a diversified industrial manufacturer whose operations are divided into four main groups: fluid power, electrical, automotive, and trucks. In 1982 the company reaffirmed its commitment to remain in the Greater Cleveland area by moving its headquarters from 100 Erieview to Eaton Center at 1111 Superior. 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. It was also during this period that William E. Butler took over as CEO, starting in 1991. To find out more about the cookies we use and how to control them, please visit our privacy, cookies and data protection page. 900, Dallas, TX 75201-3136. As Eaton acquired firms in high-tech electronics industries, the company also sold off some of its vehicle divisions and closed unprofitable plants. Determined to reduce the company's exposure to the vagaries of the automotive components business, de Windt declared that Eaton had now dedicated itself to becoming a "high technology company servicing the growth markets of the 1980s.". However, there is little accountability there. See reviews, photos, directions, phone numbers and more for Eaton Corporation locations in Cleveland, OH. Locally, Eaton sold Industrial Drives Div. 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. Eaton is committed to ensuring equal employment opportunities for all job applicants and employees. 42 Eaton jobs available in Cleveland, OH on Indeed.com. Diversification Through Acquisition: 1958-73. Eaton then spun off its remaining 82 percent interest to shareholders in December of that year. Unable to sell the subsidiary, Eaton sustained it as a discontinued operation until mid-1993, when it was "reconsolidated," according to that year's annual report. In 1999, Eaton purchased Aeroquip-Vickers for $1.7 billion, the company's largest acquisition to date. de C.V. (Mexico); Eaton Truck Components, S. de R.L. At 10 a.m. EST today, e-mail service was restored. 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. Moreover, the Yale & Towne division's ventures in forest equipment and lift-truck manufacturing proved barely profitable (in February 1978 Eaton had sold the Yale lock and security business to Thomas Telling Ltd.); 1980 was a particularly bad year for Eaton. de C.V. (Mexico); Eaton Industries S. de R.L. Eaton is a power management company with 2014 sales of $22.6 billion. 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. 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. 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. Bhd. 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. St. James Press, 2005. 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. learn how over 7,000 companies got started! Shortly thereafter, in 2013, the company moved its headquarters to a 580,000 square foot facility in suburban BEACHWOOD. In 1946 Eaton purchased the Dynamatic Corporation and one year later established a joint sales and engineering company with two British firms, Rubry Owen and E.N.V. In 1966, the company changed its name to Eaton, Yale, & Towne, Inc. In 2012 Eaton made a major expansion though the purchase of Cooper Industries, an Irish-based company. 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 The following year, the company was incorporated as the Torbensen Axle Co. In addition, the work culture is very cutthroat, and it is difficult to affect positive change due to overly competitive peers. (Switzerland); Eaton SA (Switzerland); Rubberon Technology Corporation Limited (Thailand); Eaton Electric Limited (U.K.); Eaton Limited (U.K.); Cutler-Hammer de Venezuela S.A. That year, Eaton announced a plan to lessen its dependence on automotive components through the $1.1 billion acquisition of Westinghouse Electric Corporation's distribution and controls business unit--a bold move for a traditionally conservative company. The company's name was changed once again on April 21, 1971, to Eaton Corporation. Eaton sold its truck axle and brake business to Dana for $287 million, while simultaneously buying Dana's clutch business for $180 million, gaining a business that meshed well with Eaton's truck transmission product line. Products, Inc.; Powerware Corporation; Aeroquip-Vickers, Inc.; Eaton Electrical IDT Inc.; Eaton Leasing Corporation; U.S. Engine Valve; Eaton Pty. The new leader oversaw the separation of the semiconductor equipment business. Eaton generates business in more than 100 countries worldwide, with about one-third of revenues originating outside the United States--19 percent in Europe and about 6 percent each in Latin America and the Asia-Pacific region. (Germany); Walterscheid Rohrverbindungstechnik GmbH (Germany); Eaton Electric & Engineering Services, Limited (Hong Kong); Eaton Limited (Hong Kong); Eaton Industries Private Ltd. (India); Eaton Automotive Ltd. (Ireland); Eaton Automotive Srl (Italy); Eaton Srl (Italy); Eaton Fluid Power Srl (Italy); Eaton Fluid Power Limited (Japan); Eaton Japan Co., Ltd.; Eaton Holding S.a r.l. Eaton Corporation is located in Cleveland, OH, United States and is part of the Industrial Control Products Manufacturing Industry. The layoffs will begin in … Find 56 listings related to Eaton Corporation in Cleveland on YP.com. Leverage your professional network, and get hired. (India, 1 Jan … In 1953 Livia, a small Italian manufacturer of engine valves, acquired technological assistance and a production license from Eaton. 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. 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. 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. Ironically, the automotive division generated most of the company's profit the following year. 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. Cleveland, OH 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. 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. Proceeds from the IPO were used to pay down debt, which stood at approximately $3 billion early in 2000. & Co. K.G. 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. Source: International Directory of Company Histories, Vol.67. 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. John C. Virden was named president of Eaton in 1958 and followed the company's diversification policy. In 1984, 12 of the company's automotive components plants were closed, and the workforce was reduced to 41,000, down from 63,000 in 1979. We see them around but we don't know what goes on behind the scenes. Get directions, reviews and information for Eaton Corp in Cleveland, TN. Domestic sales from its automotive division continued, however, to provide the largest share, over 50 percent, of Eaton's revenues. Even so, automotive components, which had accounted for 79 percent of Eaton's sales in 1977, were down to 46 percent by 1983. 50 Eaton jobs available in Beachwood, OH on Indeed.com. 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 company's principal address is 1000 Eaton Blvd Mail Code 2n, Cleveland, OH 44122. In January 2003 Eaton acquired the electrical division of Delta plc for $215 million. A strong believer in "divisional autonomy," Virden ensured that Eaton's subsidiaries and divisions maintained a large degree of managerial independence. Principal Subsidiaries: Eaton MDH Co. Inc.; Aeroquip International Inc.; Eaton Electrical Inc.; Eaton Hydraulics Inc.; Eaton International Corporation; Integrated Partial Discharge Diagnostics, Inc.; Modern Molded Products, Inc.; Vickers International Inc.; CAPCO Automotive Products Corporation; Eaton Aeroquip Inc.; Eaton Inoac Company; G.T. Nevertheless, profits rebounded the following year, fueled by surging sales in the North American market for sport utility vehicles. This unit was taken public as Axcelis Technologies, Inc. in July 2000 through an initial public offering of 18 percent of its stock. (Spain); Eaton Holec, AB (Sweden); Eaton Industries G.m.b.H. Finally, we can read about how these great companies came about with Company Histories.. In 1964, the company moved its headquarters into the new Erieview Tower where it remained until 1983. Cleveland, At the beginning of 1986, Eaton had $1 billion available for financing acquisitions, and, by July of that year, it had purchased three more companies: Consolidated Controls (precision instruments), Singer Controls (switches and valves), and Pacific-Sierra Research (defense and computer systems). 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.