Eaton to acquire a 50 percent stake in huanyu high tech

Dublin--(business wire)--power management company eaton (nyse:etn) today announced it has signed an agreement to acquire a 50 percent stake in huanyu high tech, a subsidiary of huanyu group that manufactures and markets low-voltage circuit breakers and contactors in china, and throughout the asia-pacific region. huanyu high tech had 2019 sales of $106 million and has production operations in wenzhou, china. “we are very pleased to establish this partnership with huanyu group,” said howard liu,
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