Eaton Corp. exits the leaf spring business and agrees to sell it to Oxford Automotive Inc. for an undisclosed price. It is an all-cash deal and government approvals already have been obtained. The unit, based in Southfield, MI, has 1,126 employees and last year accounted for $126 million in sales, or about 2% of Eaton's total revenue of $7.6 billion.
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Eaton Corp. exits the leaf spring business and agrees to sell it to Oxford Automotive Inc. for an undisclosed price. It is an all-cash deal and government approvals already have been obtained. The unit, based in Southfield, MI, has 1,126 employees and last year accounted for $126 million in sales, or about 2% of Eaton's total revenue of $7.6 billion.
