Eaton sells automotive mirror controls business
Eaton Corp. has completed the sale of its Mirror Controls Division to funds managed by Englefield LLP, a €1.8 billion private equity firm, for $111 million. The Mirror Controls Division, part of Eaton’s Automotive Group, employs approximately 630 people in four manufacturing operations. It produces mirror actuators and power-fold actuators for exterior mirror systems. Sales in 2006 were approximately $135 million.