Eaton Acquires Integ Holdings

Diversified industrial manufacturer said Thursday it bought U.K.-based Integ Holdings, which owns Integrated Hydraulics, for an undisclosed sum.

CLEVELAND (AP) -- Diversified industrial manufacturer Eaton Corp. said Thursday it bought U.K.-based Integ Holdings Ltd., which owns Integrated Hydraulics Ltd., for an undisclosed sum.

Integrated Hydraulics makes screw-in cartridge valves, custom-engineered hydraulic valves and manifold systems. The company has about 290 employees.

Eaton shares fell $2.28, or 4.2 percent, to $52.30 in morning trading. The stock earlier hit a new year low of $52.15. It has ranged from $52.32 to $101.82 over the past 52 weeks.

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