Power solutions manufacturing conglomerate Eaton agreed to acquire Fibrebond Corporation for $1.4 billion.
The transaction is expected to close in the third quarter of 2025.
Minden, LA-based Fibrebond designs and manufactures pre-integrated modular power enclosures that safeguard equipment, serving various sectors, including data centers, industrial and utility markets. The company projects a revenue of around $378 million for the 12-month period ending on Feb. 28.
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“Fibrebond is known for its engineering capabilities and customer focus in the industries they serve, including the multi-tenant data center market,” Eaton Electrical Sector Americas Region President Mike Yelton said in a March 11 news release. “Its engineered-to-order power enclosures, in which equipment installation and testing procedures are performed off-site, enables customers to get up-and-running in less time and at a lower cost. This full-service offering allows us to better serve our customers amid accelerating demand.”
Eaton said it anticipates the transaction will have a neutral impact on earnings per share in 2025.
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