Eaton sells leaf spring business to Oxford Automotive
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.
April 1, 1998
1 Min Read
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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