Eaton to sell mirror controls division for $111 mln

Newswire

June 22 (Reuters) - Eaton Corp. said it will sell its mirror controls division to funds managed by private equity firm Englefield Capital LLP for $111 million as the division did not fit its long-term strategic plan. The division, part of Eaton's automotive group, makes mirror actuators and power-fold actuators for exterior automotive mirror systems, and had sales of about $135 million in 2006, the diversified manufacturer said in a statement. (Reporting by Shailesh Kuber in Bangalore)

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