M&A Deal Summary

Hyco International Acquires Eaton - Mobile Agricultural Cylinders

On December 13, 1999, Hyco International acquired manufacturer Eaton - Mobile Agricultural Cylinders from Eaton

Acquisition Highlights
  • This is Hyco International’s 1st transaction in the Manufacturing sector.
  • This is Hyco International’s 1st transaction in the United States.

M&A Deal Summary

Date 1999-12-13
Target Eaton - Mobile Agricultural Cylinders
Sector Manufacturing
Buyer(s) Hyco International
Sellers(s) Eaton
Deal Type Divestiture

Target

Eaton - Mobile Agricultural Cylinders

United States
Eaton - Mobile Agricultural Cylinders is a manufacturer of mobile agricultural equipment, many of whom export globally. The mobile agricultural cylinders are manufactured at Eaton's plant in Hutchinson, Kansas. Approximately 70 employees in Hutchinson are involved in cylinder manufacturing.

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Buyer(S) 1

Buyer

Hyco International

Atlanta, Georgia, United States

Category Company
Sector Machinery
DESCRIPTION

Hyco International, Inc. is a designer and manufacturer of highly engineered, custom designed hydraulic cylinders utilized by industrial equipment to provide essential functions such as lifting, steering, suspension, compaction, and stabilization.


DEAL STATS #
Overall 1 of 1
Sector: Manufacturing M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: United States M&A 1 of 1
Year: 1999 M&A 1 of 1

Seller(S) 1

SELLER

Eaton

Dublin, Ireland

Category Company
Founded 1911
Sector Electrical Equipment
Employees94,443
Revenue 24.9B USD (2024)
DESCRIPTION
Eaton's operational headquarters in Beachwood, Ohio.
Eaton's operational headquarters in Beachwood, Ohio.

Eaton is a diversified power management company specializing in electrical, aerospace, hydraulic, and vehicle technologies. Eaton offers a broad portfolio of solutions designed to address the complex challenges of modern industries and infrastructure. Their products encompass a wide range, including electrical distribution and control equipment, energy management systems, aerospace components and systems, hydraulic systems and services, and automotive drivetrain and powertrain systems. Eaton was founded in 1911 and is based in Dublin, Ireland.


DEAL STATS #
Overall 4 of 11
Sector: Manufacturing M&A 1 of 1
Type: Divestiture M&A Deals 4 of 9
Country: United States M&A 4 of 9
Year: 1999 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1999-07-13 Eaton - Engineered Fastener Division

United States

Eaton's Engineered Fastener Division manufactures a wide variety of fastening devices for automotive, business equipment, consumer electronics and home appliance markets. The division has manufacturing facilities in Brunswick and Massillon, Ohio and Hamilton, Ontario, Canada.

Sell $173M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2000-03-03 Cutler-Hammer Electrical Co.

Coamo, Puerto Rico

Cutler-Hammer Electrical Co. is a manufacturer of resistors for use in transportation and electrical controls and is based in Milwaukee, Wisconsin in the USA, Melton Constable, Norfolk in the UK and Airdrie, Alberta in Canada.

Sell -