CLEVELAND (Nov. 24)—Eaton Corp. has agreed to buy the businesses of Winner Group Holdings Ltd., a China-based producer of hydraulic hose fittings and adapters.
The terms of the transaction weren´t released. Winner, which serves the greater Chinese market and is based in Hong Kong, had 2003 sales of $28 million.
Eaton said the acquisition is expected to be completed in the first quarter of 2005.