US manufacturer buys Turkish hose manufacturer

Istanbul, 7 June 2012 – Eaton Hydraulics Group, the US diversified power management company, has announced plans for the acquisition of Polimer Kaucuk the Turkish manufacturer of hydraulic and industrial hoses used in the construction, mining, agriculture, oil/gas sectors. Announcing the acquisition William VanArsdale, President of Eaton said, “Turkey’s economic stability is attracting a lot of attention that are turning into investments. There is a huge inflow of investments to the country in which Eaton has taken part” adding “Polimer’s existing production capabilities will not only help Eaton grow in Turkey but also in Europe, the Middle East and other regional markets”. Eaton intends to make Turkey their regional base to serve Eastern Europe and the MENA region. Polimer Kaucuk’s turnover was 335 million USD in 2011. Source: Invest in Turkey