is acquired the Yale lock and security business is divested.ġ982: Eaton reports its first loss in 50 years.ġ994: Eaton acquires Westinghouse Electric Corporation's distribution and control unit for $1.1 billion.ġ998: The company's truck axle and brake business-its founding business-is sold to Dana Corporation.ġ999: Aeroquip-Vickers, Inc., producer of industrial hydraulic equipment, is acquired for $1.7 billion.Ģ000: Semiconductor equipment business is spun off as Axcelis Technologies, Inc.Įaton Corporation is a diversified industrial manufacturer whose operations are divided into four main groups: fluid power, electrical, automotive, and trucks.

Torbensen establish the Torbensen Gear and Axle Company, a small machine shop in Bloomfield, New Jersey, manufacturing heavy-duty truck axles.ġ914: Company moves its operations to Cleveland.ġ917: Company is sold to Republic Motor Truck Co.ġ923: Company is renamed Eaton Axle and Spring Co.ġ932: Company's name is changed to Eaton Manufacturing Company.ġ958: Fuller Manufacturing Co., maker of automotive transmissions, is acquired.ġ963: Eaton acquires lockmaker Yale & Towne Manufacturing Company and Dole Valve Co., maker of appliance and automotive controls.ġ966: Eaton is renamed Eaton Yale & Towne Inc.ġ971: Company's name is changed to Eaton Corporation.ġ978: Electronics company Cutler-Hammer Inc. Innovative entrepreneurship continues to drive Eaton in the 21st century.ġ911: Joseph Oriel Eaton, Henning O.

NAIC: 332912 Fluid Power Valve and Hose Fitting Manufacturing 333995 Fluid Power Cylinder and Actuator Manufacturing 333996 Fluid Power Pump and Motor Manufacturing 334513 Instruments for Measuring and Displaying Industrial Process Variables 335311 Power, Distribution, and Specialty Transformer Manufacturing 335313 Switchgear and Switchboard Apparatus Manufacturing 335314 Relay and Industrial Control Manufacturing 335999 All Other Miscellaneous Electrical Equipment and Component Manufacturing 336322 Other Motor Vehicle Electrical and Electronic Equipment Manufacturing 336350 Motor Vehicle Transmission and Power Train Parts Manufacturing 336399 All Other Motor Vehicle Parts Manufacturingįrom our earliest days, when Eaton invented, hand-manufactured and then sold some of the first truck axles in the industry, it has been a primary tenet of business that the company carries a responsibility to deliver breakthrough solutions to its customers. Stock Exchanges: New York Chicago Pacific

Incorporated: 1911 as the Torbensen Gear and Axle Company

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