When Virden retired in 1969, E. Mandell de Windt, who had joined the company as a production clerk, was elected chairperson. Shortly thereafter, in 2013, the company moved its headquarters to a 580,000 square foot facility in suburban BEACHWOOD. The business areas of Cleveland-based Eaton Corporation resemble an industrial smorgasbord. In 1919, Joseph Eaton left Republic to form the Eaton Axle Co., which soon became a leading firm in the field. 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. Proceeds from the IPO were used to pay down debt, which stood at approximately $3 billion early in 2000. See reviews, photos, directions, phone numbers and more for Eaton Corporation locations in Cleveland, OH. The Registered Agent on file for this company is C T Corporation System and is located at 300 Montvue Rd, Knoxville, TN 37919-5546. de C.V. (Mexico); Eaton Industries S. de R.L. 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. 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 that year, Eaton Corporation moved into a 28-story Cleveland office tower which was renamed for it. (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. Diversification Through Acquisition: 1958-73. Eaton Corporation is located in Cleveland, OH, United States and is part of the Industrial Control Products Manufacturing Industry. Eaton enjoyed its best year ever in 1999, posting net income of $617 million on revenues of $8.4 billion. Eaton also continued to divest operations in which it did hold clear leadership positions. 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. The company's filing status is listed as In Existence and its File Number is 0002578106. (Austria); Eaton Holec Componenten N.V. (Belgium); Eaton Ltda. Source: International Directory of Company Histories, Vol.67. After Joseph Eaton died in 1949, the company continued on its path of diversification through a continuing series of acquisitions. 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. Brazil was one of five countries the company was targeting for foreign growth, the others being China, India, Mexico, and South Korea. Eaton intended to combine the resources of these three companies in order to develop a new line of factory automation products. We provide sustainable solutions that help our customers effectively manage electrical, hydraulic and mechanical power – … The company weathered the Great Depression, acquiring several companies that were nearing bankruptcy. New Eaton Corporation jobs added daily. 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. In 1999, Eaton purchased Aeroquip-Vickers for $1.7 billion, the company's largest acquisition to date. Eaton has approximately 102,000 employees and sells products to customers in more than 175 countries. (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. OH Find 56 listings related to Eaton Corporation in Cleveland on YP.com. Livia was purchased by Eaton in 1961. 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. The reincorporation in Ireland as part of the Cooper merger involved establishing a registered head office in … Add reviews and photos for Eaton Corp. Eaton Corp appears in: Electricians, Electric Equipment & Supplies Wholesale & Manufacturers, Aerospace, Telecommunications Equipment Wholesale & … 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. The structure was one of the structures that expanded Cleveland's central business district eastward in the early-1980s building boom in the city. The company markets electrical products under the Powerware, Cutler-Hammer, Durant, Heinemann and Holec brand names to the utility, telecommunications … (Germany); Eaton G.m.b.H. That year, Eaton registered its first loss in 50 years, $189.6 million on sales of $2.4 billion. St. James Press, 2005. (Germany); Eaton Holding G.m.b.H. Search job openings, see if they fit - company salaries, reviews, and more posted by Eaton employees. Eaton then spun off its remaining 82 percent interest to shareholders in December of that year. In addition, the company completed several smaller, "fill-in" acquisitions as well as the divestment of a number of nonproductive businesses. (Switzerland); Eaton SA (Switzerland); Rubberon Technology Corporation Limited (Thailand); Eaton Electric Limited (U.K.); Eaton Limited (U.K.); Cutler-Hammer de Venezuela S.A. A strong believer in "divisional autonomy," Virden ensured that Eaton's subsidiaries and divisions maintained a large degree of managerial independence. The company has 6 principals on record. Reviews (423) 476-8747 Website. 1971: Company's name is changed to Eaton Corporation. In addition, the work culture is very cutthroat, and it is difficult to affect positive change due to overly competitive peers. Eaton’s mission is to improve the quality of life and the environment through the use of power management technologies and services. We see them around but we don't know what goes on behind the scenes. 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. The company's principal address is 1000 Eaton Blvd Mail Code 2n, Cleveland, OH 44122. This organization is not BBB accredited. de C.V. (Mexico); Eaton Finance, S. de R.L. One month later, Eaton sold its vehicle-switch and electronics division to Delphi Automotive Systems Corp. for $300 million. But, something much smaller could help … 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. In the 1970s, decreased demand for American cars severely affected the three largest manufacturers of automobile components: Bendix Corporation, Rockwell International, and Eaton. 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. (Spain); Eaton Holec, AB (Sweden); Eaton Industries G.m.b.H. The balance sheet improved significantly as total debt was reduced to less than $2 billion. 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. The Registered Agent on file for this company is Ct Corp System and is located at 1999 Bryan St., Ste. 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. 44106-7107, http://www.eaton.com/EatonCom/OurCompany/AboutUs/EatonHistory/index.htm. Eaton Corporation is a diversified industrial manufacturer whose operations are divided into four main groups: fluid power, electrical, automotive, and trucks. Nevertheless, Eaton Yale & Towne remained profitable, as its other divisions supported the company until demand for auto parts recovered. The main thing I will take away from this place is the dysfunctional front office staff. 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. 42 Eaton jobs available in Cleveland, OH on Indeed.com. Get directions, reviews and information for Eaton Corp in Cleveland, TN. de C.V. (Mexico); Eaton Truck Components, S. de R.L. Bhd. Depending on your view on unions, Eaton airflex is a union shop, so the pay is pretty good. 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. Three years later, the company's operations were moved to Cleveland, in order to be closer to the auto manufacturers there and in Detroit. 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. During the development stage, however, high capital investments and low profit margins ensued, and Eaton began to struggle financially. In November 2002 the company bought the Boston Weatherhead division of Dana Corp. for $130 million. 51 Eaton jobs in Cleveland, OH. Get reviews, hours, directions, coupons and more for Eaton Corporation at 12875 Corporate Dr, Cleveland, OH 44130. 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." The Eaton Corporation is a diversified industrial manufacturer with annual sales of more than $11 billion. Menu & Reservations Make Reservations . This strategy apparently succeeded and by 1984 Eaton was recording greater profits from electronic products than from vehicle components; although the company would sell its defense electronic business in the late 1980s. 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. To find out more about the cookies we use and how to control them, please visit our privacy, cookies and data protection page. 50 Eaton jobs available in Beachwood, OH on Indeed.com. Eaton provides energy-efficient solutions that help our customers effectively manage electrical, hydraulic and mechanical power more efficiently, safely and sustainably. Cleveland, The following year, the company was incorporated as the Torbensen Axle Co. 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. 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. Products, Inc.; Powerware Corporation; Aeroquip-Vickers, Inc.; Eaton Electrical IDT Inc.; Eaton Leasing Corporation; U.S. Engine Valve; Eaton Pty. 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. 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. Like any place there were a lot of ups and downs. The following year, Eaton sold or closed down 18 subsidiaries whose profits were marginal or nonexistent. 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. In 1911 Joseph Oriel Eaton established a small machine shop in Bloomfield, New Jersey, manufacturing heavy-duty truck axles for the expanding automotive industry. See reviews, photos, directions, phone numbers and more for Eaton Corporation locations in Cleveland, OH. 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. 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. This segment of Eaton's business had suffered several other setbacks during this period as well. During this time, sales from the electronic components division rose dramatically from 21 percent of turnover in 1977 to 54 percent in 1983. 1978: Electronics company Cutler-Hammer Inc. is acquired; the Yale lock and security business is divested. learn how over 7,000 companies got started! From 1920s-1964 Eaton was based on East 140th Street in Cleveland, Ohio. de C.V. (Mexico); Eaton Molded Products S. de R.L. Legal Notice | Privacy Policy, Mather House, Room 308 Continuing to Evolve in the Early 21st Century. The forestry equipment and lift-truck businesses were written off and sold in 1982 for $200 million. Engineering. 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. Eaton Corp 1750 Hardeman Ln NE Cleveland TN 37312. (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. 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). 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. 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. As consumers, we often take for granted all the hard work that goes into building a great company. The new leader oversaw the separation of the semiconductor equipment business. Stephen R. Hardis, vice-chairman and CFO since 1986, was named CEO and chairman. Eaton Corp.'s diverse holdings led to sales totalling $7.2 billion in 2002. 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. 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. It was also during this period that William E. Butler took over as CEO, starting in 1991. 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. Eaton's global expansion resulted in annual sales increases from 13.4 percent in 1985 to nearly 30 percent by 1993. 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 Also in 2003 the industrial and commercial control business along with the Cutler-Hammer unit were renamed Eaton Electrical Inc. At 10 a.m. EST today, e-mail service was restored. The Westinghouse deal was a significant force behind a 37 percent increase in revenues in 1994, to $6.05 billion. 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. Cleveland, TN 37312 From Business: Eaton Corporation is a diversified power management company selling products to customers in more than 150 countries. As a result, Livia become the exclusive supplier of engine valves for Simca of France as well as for all trucks built by Fiat. John C. Virden was named president of Eaton in 1958 and followed the company's diversification policy. 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. In 1966 Eaton Yale & Towne experienced record growth in sales and profits, largely as a result of an expansion in industrial growth. At the end of the year, Stover unexpectedly placed the company's defense electronics business, AIL Systems, Inc., up for sale, noting quality control problems and reduced orders for the division's B-1B bomber systems. With the help of brother-in-law Henning O. Taube and Viggo V. Torbensen, who had patented an internal-gear rear truck axle in 1902, the Torbensen Gear and Axle Company built seven axles by hand in its first year. There are 1281 companies in the Eaton Corporation … 216.368.2000 Eaton relocated to its new 580,000 square foot facility, named Eaton Center, in Beachwood, Ohioin early 2013. Nevertheless, profits rebounded the following year, fueled by surging sales in the North American market for sport utility vehicles. Search for other Electric Equipment & Supplies-Wholesale & Manufacturers in Cleveland on The Real Yellow Pages®. With ten plants and more than 100 locations worldwide, Powerware had revenues of $775 million for the fiscal year ending in March 2004. As of 2016 the company had 95,000 employees. 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. (Luxembourg); Eaton Electric Switchgear Sdn. Principal Competitors: Johnson Controls, Inc.; Parker Hannifin Corporation; Emerson Electric Co.; ITT Industries, Inc.; Siemens AG; Rockwell Automation, Inc.; General Electric Company. 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. All rights reserved. Ltd. (Singapore); Eaton Truck Components (Pty.) Ironically, the automotive division generated most of the company's profit the following year. Taking over as chairman, president, and CEO was Cutler. & Co. K.G. The deal made Eaton the number two player in the hydraulic equipment market, trailing only Parker Hannifin Corporation. 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 Corp in Cleveland, TN -- Get driving directions to 3990 Old Tasso Rd NE Cleveland, TN 37312. Shifts into New Businesses and New Products,", "Eaton: Poised for Profits from Its Shift to High Technology,", "Eaton: Spinning Its Wheels on the Road to High-Tech Profits,", Gerdel, Thomas W., "Controlling Its Destiny: Eaton Takes Big Bite with Westinghouse Deal,", ------, "Cultivating Success: Eaton Corp. Enjoys Bounty of Seeds Planted Years Ago,", ------, "Eaton Buys Powerware for $560 Million,", ------, "Eaton Plans $1.1 Billion Acquisition,", ------, "Eaton's New CEO Values Team Play: Cutler Will Continue to Streamline Efforts, Seek Diversification,", ------, "Eaton to Buy Manufacturer for $1.7 Billion,", ------, "Taking a High-Tech Turn: Eaton Corp. Is Pursuing New Business in New Ways,", Hussey, Allan F., "Profitable Overhaul: A Slimmer Eaton Moves into High-Growth Fields,", Illingworth, Montieth M., "Road to Recovery: Eaton's Drive to Cut Costs Begins to Pay Off,", Lewis, Morgan, Jr., "Change Maker: At Only 53, Eaton Corp. CEO Alexander 'Sandy' Cutler Has Distinguished Himself As One of the Region's Foremost Business and Civic Leaders--and He's Just Getting Started,", Norton, Erle, "Westinghouse Plans to Sell Unit to Eaton Corp.,", Phillips, Stephen, "Eaton Sees Its Future--and It's on the Ground,", Sherefkin, Robert, "Hardis Handing over Top Spot,", Stern, Andrew, "Eaton: Keep on Truckin'?,", ------, "Unfazed by the Challenge: Eaton Corp.,", Whitney, Allison A., "Eaton AIL Settles DOD Probe: Agrees to Pay $9.5 Million,". 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. 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. One noteworthy innovation was the AutoSelect automatic transmission, the result of $10 million and six years of planning. 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. Even so, automotive components, which had accounted for 79 percent of Eaton's sales in 1977, were down to 46 percent by 1983. Limited (South Africa); Eaton Automotive Controls Limited (South Korea); Eaton Limited (South Korea); Eaton S.L. In 1966, the company changed its name to Eaton, Yale, & Towne, Inc. My time at Eaton Airflex was cut short due to relocation. (Malaysia); Eaton Electrical Mexicana, S.A. (Mexico); Eaton Controls, S. de R.L. 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. Eaton Corp. is closing its Berea factory that has made quick connect couplings for hydraulic lines used in construction, mining, defense and energy markets. 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. During 1995 Butler retired after 38 years with the company. Electric Supplies in Cleveland, TN. Domestic sales from its automotive division continued, however, to provide the largest share, over 50 percent, of Eaton's revenues. 900, Dallas, TX 75201-3136. Cleveland, 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. Locally, Eaton sold Industrial Drives Div. Expansion into Factory Automation in the Late 1970s. Finally, we can read about how these great companies came about with Company Histories.. As Eaton acquired firms in high-tech electronics industries, the company also sold off some of its vehicle divisions and closed unprofitable plants. It is one of the global technology leaders… 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. This unit was taken public as Axcelis Technologies, Inc. in July 2000 through an initial public offering of 18 percent of its stock. 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