In 1922 Eaton reentered the picture, buying back his original company from Republic Motor Truck Co. 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. Three years later, the company's operations were moved to Cleveland, in order to be closer to the auto manufacturers there and in Detroit. 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. With the help of brother-in-law Henning O. In 1911 Joseph Oriel Eaton established a small machine shop in Bloomfield, New Jersey, manufacturing heavy-duty truck axles for the expanding automotive industry. The company's roots are in low-tech commodity parts for trucks and automobiles, but-particularly since the mid-1990s-Eaton has shifted focus to the manufacture of a variety of electronics-based products. 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. 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.

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. 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

2022.09

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