Eaton Acquires Manufacturer of Enclosures for Data Center Market

Eaton acquired Fibrebond Corp., a designer and builder of pre-integrated modular power enclosures for data center, industrial, utility and communications customers. Under the terms of the agreement, Eaton will pay $1.4 billion for Fibrebond. Based in  Minden, LA, Fibrebond focuses on the  data center, fiber, industrial and utility markets. The company estimated revenues of approximately $378 million for the 12 months ending Feb. 28.
“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, in the press 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.”