Eaton signs agreement to acquire Fibrebond Corporation, expanding reach into multi-tenant data center market
Summary
“Fibrebond is known for its engineering capabilities and customer focus in the industries they serve, including the multi-tenant data center market,” said Mike Yelton, president, Americas Region, Electrical Sector. “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.” Fibrebond Corporation, based in Minden, Louisiana, builds innovative and reliable structures that protect people and mission-critical equipment for data center, fiber, industrial, and utility markets. By capitalizing on the global growth trends of electrification and digitalization, we’re helping to solve the world’s most urgent power management challenges and building a more sustainable society for people today and generations to come. The following factors could cause actual results to differ materially from those in the forward-looking statements: potential global pandemics, unanticipated changes in the markets for the company’s or Fibrebond’s business segments; unanticipated downturns in business relationships with customers or their purchases from us or Fibrebond; competitive pressures on sales and pricing; continued supply chain disruptions, unanticipated changes in the cost of material, labor and other production costs, or unexpected costs that cannot be recouped in product pricing; the introduction of disruptive or competing technologies; unexpected technical or marketing difficulties; unexpected claims, charges, litigation or dispute resolutions; strikes or other labor unrest at Eaton, Fibrebond or at our customers or suppliers; the performance of recent acquisitions; unanticipated difficulties closing or integrating acquisitions, including Fibrebond; unexpected difficulties completing divestitures, new laws, tariffs and governmental regulations; interest rate changes; stock market and currency fluctuations; geo-political tensions, war, civil or political unrest or terrorism; and unanticipated deterioration of economic and financial conditions in the United States and around the world.