The 2020 Mid-Year Economic Update_long

Day: May 18, 2007

State Industrial Products Buys Ohio Soap Products

State Industrial Products, Cleveland, OH, has acquired Ohio Soap Products of Parma, OH, a Cleveland suburb.

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Ohio Soap is a manufacturer and distributor of institutional ware washing equipment and cleaning products with $10 million in annual sales and 100 employees.
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Founded in 1911, privately-owned State Industrial Products has 1,200 employees and annual sales of more than $100 ...

Eaton Acquires Medium-Voltage Drive Business

Diversified industrial manufacturer Eaton Corporation, has acquired the technology and related assets associated with SMC Electrical Products, Inc.'s industrial medium-voltage adjustable frequency drive business.
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This acquisition complements Eaton's already strong position as a manufacturer of medium-voltage motor control products," said Randy Carson, Eaton senior vice president and president -Electrical Group. "By incorporating this product into our power distribution and control assemblies portfolio, we will be able to provide our customers with a comprehensive solution to address their motor starting needs."
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Eaton Corporation had 2006 sales of $12.4 billion.&nbsp ; Eaton has 61,000 employees and sells products to customers in more than 125 ...