Get directions, reviews and information for Eaton Corp in Cleveland, TN. Engineering. Cleveland, (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. Ltd. (Singapore); Eaton Truck Components (Pty.) 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. We see them around but we don't know what goes on behind the scenes. Proceeds from the IPO were used to pay down debt, which stood at approximately $3 billion early in 2000. 44106, 10900 Euclid Ave. 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. 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. Eaton Corporation has 736 total employees across all of its locations and generates $7.14 million in sales (USD). In addition, the work culture is very cutthroat, and it is difficult to affect positive change due to overly competitive peers. 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. 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. 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. My time at Eaton Airflex was cut short due to relocation. The company has 6 principals on record. At 10 a.m. EST today, e-mail service was restored. In 1953 Livia, a small Italian manufacturer of engine valves, acquired technological assistance and a production license from Eaton. It was also during this period that William E. Butler took over as CEO, starting in 1991. Introduced in 1993, AutoSelect promised the trucking industry increased fuel efficiency, safer and easier driving, and drastically lowered training costs. This organization is not BBB accredited. The main thing I will take away from this place is the dysfunctional front office staff. 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. Menu & Reservations Make Reservations . Eaton Corp.'s diverse holdings led to sales totalling $7.2 billion in 2002. 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 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 Westinghouse deal was a significant force behind a 37 percent increase in revenues in 1994, to $6.05 billion. Nevertheless, profits rebounded the following year, fueled by surging sales in the North American market for sport utility vehicles. CLEVELAND — Eaton Corporation is known worldwide for their technology including electrical, aerospace and hydraulics. 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. 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. Also in 2003 the industrial and commercial control business along with the Cutler-Hammer unit were renamed Eaton Electrical Inc. The division's brands included MEM, Holec, Bill, Home Automation, Elek, and Tabula. 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. During the development stage, however, high capital investments and low profit margins ensued, and Eaton began to struggle financially. 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. The Eaton Corporation is a diversified industrial manufacturer with annual sales of more than $11 billion. Limited (South Africa); Eaton Automotive Controls Limited (South Korea); Eaton Limited (South Korea); Eaton S.L. Taking over as chairman, president, and CEO was Cutler. 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. Add reviews and photos for Eaton Corp. Eaton Corp appears in: Electricians, Electric Equipment & Supplies Wholesale & Manufacturers, Aerospace, Telecommunications Equipment Wholesale & … 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. Three years later, the company's operations were moved to Cleveland, in order to be closer to the auto manufacturers there and in Detroit. See BBB rating, reviews, complaints, & more. 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. The structure was one of the structures that expanded Cleveland's central business district eastward in the early-1980s building boom in the city. But, something much smaller could help … Source: International Directory of Company Histories, Vol.67. Eaton Corporation is located in Cleveland, OH, United States and is part of the Industrial Control Products Manufacturing Industry. As a result, all three companies attempted further diversification of their operations. Electric Supplies in Cleveland, TN. Eaton also initiated a $470 million diversification program to develop a new line of factory automation products. (formerly Cleveland Worm & Gear) and closed the old Tinnerman fastener plant at 8700 Brookpark after the workers refused to agree to concessions. Find 56 listings related to Eaton Corporation in Cleveland on YP.com. 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. 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. (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. Then, in a historic move, Eaton engineered a swap of businesses with Dana Corporation in January 1998 that involved Eaton's founding business. Depending on your view on unions, Eaton airflex is a union shop, so the pay is pretty good. 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. Diversification of its product line also included a new line of parts for aircraft engines. The forestry equipment and lift-truck businesses were written off and sold in 1982 for $200 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. Apply to Intern, Production Supervisor, Supply Chain Manager and more! The deal made Eaton the number two player in the hydraulic equipment market, trailing only Parker Hannifin Corporation. 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,". Eaton enjoyed its best year ever in 1999, posting net income of $617 million on revenues of $8.4 billion. 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. Eaton then spun off its remaining 82 percent interest to shareholders in December of that year. Find 58 listings related to Eaton Corporation in Cleveland on YP.com. New Eaton Corporation jobs added daily. 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 following year, Eaton sold or closed down 18 subsidiaries whose profits were marginal or nonexistent. 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. Like any place there were a lot of ups and downs. 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. The company weathered the Great Depression, acquiring several companies that were nearing bankruptcy. Eaton uses cookies to help us give you the best experience on our website. Diversification Through Acquisition: 1958-73. 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. The new leader oversaw the separation of the semiconductor equipment business. 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. 44106-7107, http://www.eaton.com/EatonCom/OurCompany/AboutUs/EatonHistory/index.htm. 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. 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. 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. Legal Notice | Privacy Policy, Mather House, Room 308 1971: Company's name is changed to Eaton Corporation. 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. As a result, Livia become the exclusive supplier of engine valves for Simca of France as well as for all trucks built by Fiat. 42 Eaton jobs available in Cleveland, OH on Indeed.com. (Malaysia); Eaton Electrical Mexicana, S.A. (Mexico); Eaton Controls, S. de R.L. Principal Competitors: Johnson Controls, Inc.; Parker Hannifin Corporation; Emerson Electric Co.; ITT Industries, Inc.; Siemens AG; Rockwell Automation, Inc.; General Electric Company. Despite its continued committment to the region, Eaton Corp.'s acquisitions throughout the 1990s characterized a company equally committed to further diversification. 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. Eaton next sold its Navy Controls unit, maker of shipboard integrated electrical power distribution and control systems for the Navy, to DRS Technologies, Inc. in July 2002 for $92.2 million. 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 … 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.". (Spain); Eaton Holec, AB (Sweden); Eaton Industries G.m.b.H. Eaton Corp in Cleveland, TN -- Get driving directions to 3990 Old Tasso Rd NE Cleveland, TN 37312. When Virden retired in 1969, E. Mandell de Windt, who had joined the company as a production clerk, was elected chairperson. In 1964, the company moved its headquarters into the new Erieview Tower where it remained until 1983. Nevertheless, Eaton Yale & Towne remained profitable, as its other divisions supported the company until demand for auto parts recovered. Ltd. (Australia); Eaton Holding G.m.b.H. In 1966 Eaton Yale & Towne experienced record growth in sales and profits, largely as a result of an expansion in industrial growth. Eaton Corporation is a Texas Foreign For-Profit Corporation filed on August 8, 1966. Stover took over after Eaton had reported a 1985 profit of $231 million on sales of $3.7 billion. To find out more about the cookies we use and how to control them, please visit our privacy, cookies and data protection page. 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. During 1995 Butler retired after 38 years with the company. The company aimed to pay off the $930 million debt it incurred for the acquisition by 1998. The company's principal address is 1000 Eaton Blvd Mail Code 2n, Cleveland, OH 44122. 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. Search for other Electric Equipment & Supplies-Wholesale & Manufacturers in Cleveland on The Real Yellow Pages®. See reviews, photos, directions, phone numbers and more for Eaton Corporation locations in Cleveland, OH. In 1911 Joseph Oriel Eaton established a small machine shop in Bloomfield, New Jersey, manufacturing heavy-duty truck axles for the expanding automotive industry. One month later, Eaton sold its vehicle-switch and electronics division to Delphi Automotive Systems Corp. for $300 million. Eaton is committed to ensuring equal employment opportunities for all job applicants and employees. Bhd. 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. 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 layoffs will begin in … See reviews, photos, directions, phone numbers and more for Eaton Corporation locations in Cleveland, OH. Cleveland, TN 37312 From Business: Eaton Corporation is a diversified power management company selling products to customers in more than 150 countries. That year, Eaton registered its first loss in 50 years, $189.6 million on sales of $2.4 billion. With ten plants and more than 100 locations worldwide, Powerware had revenues of $775 million for the fiscal year ending in March 2004. (Poland); Eaton Truck Components S.A. (Poland); Eaton Electric Switchgear (Asia Pacific) Pte. Aeroquip-Vickers produced hydraulic pumps, cylinders, motors, and drives as well as fittings and hoses for industrial, aerospace, and automotive markets. 11201 Euclid Ave. 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. 51 Eaton jobs in Cleveland, OH. Brazil was one of five countries the company was targeting for foreign growth, the others being China, India, Mexico, and South Korea. Eaton Corporation also provides aerospace fuel, hydraulic and pneumatic systems for commercial and military use. 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. Apply to Sales Engineer, Owner/Manager, Senior Manager and more! In that year, Eaton Corporation moved into a 28-story Cleveland office tower which was renamed for it. 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. 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. Copyright (c) 2019 Company-Histories.com. In 1999, Eaton purchased Aeroquip-Vickers for $1.7 billion, the company's largest acquisition to date. Eaton Corporation is a diversified industrial manufacturer whose operations are divided into four main groups: fluid power, electrical, automotive, and trucks. After Joseph Eaton died in 1949, the company continued on its path of diversification through a continuing series of acquisitions. de C.V. (Mexico); Eaton Molded Products S. de R.L. 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 balance sheet improved significantly as total debt was reduced to less than $2 billion. Its revenues for 1998 were $2.15 billion. de C.V. (Mexico); Eaton Industries S. de R.L. Locally, Eaton sold Industrial Drives Div. In the 1970s, decreased demand for American cars severely affected the three largest manufacturers of automobile components: Bendix Corporation, Rockwell International, and Eaton. One noteworthy innovation was the AutoSelect automatic transmission, the result of $10 million and six years of planning. 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. (Austria); Eaton Holec Componenten N.V. (Belgium); Eaton Ltda. 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. In November 2002 the company bought the Boston Weatherhead division of Dana Corp. for $130 million. Eaton intended to combine the resources of these three companies in order to develop a new line of factory automation products. Eaton is a power management company with 2014 sales of $22.6 billion. These companies soon became suppliers of axles and gears to Ford Motor Company and General Motors Corporation in England. 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. Ironically, the automotive division generated most of the company's profit the following year. (Germany); Eaton Fluid Power G.m.b.H. 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 relocated to its new 580,000 square foot facility, named Eaton Center, in Beachwood, Ohioin early 2013. This segment of Eaton's business had suffered several other setbacks during this period as well. As consumers, we often take for granted all the hard work that goes into building a great company. Domestic sales from its automotive division continued, however, to provide the largest share, over 50 percent, of Eaton's revenues. (Luxembourg); Eaton Electric Switchgear Sdn. In addition, the company completed several smaller, "fill-in" acquisitions as well as the divestment of a number of nonproductive businesses. The pay and benefits at Eaton Hydraulics are good, and upper management is very lenient and accommodating. In 2012 Eaton made a major expansion though the purchase of Cooper Industries, an Irish-based company. High-Tech electronics Industries, the company bought the Boston Weatherhead division of Dana Corp. for $ 215.! 'S principal address is 1000 Eaton Blvd Mail Code 2n, Cleveland OH... November 2002 the company was incorporated as the divestment of a number of nonproductive businesses setbacks... Major expansion though the purchase of Cooper Industries, an Irish-based company read about how these companies. 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