Eaton to Buy Haywood Industries’ Filter Unit

Eaton Corp. said Friday it had agreed to buy the industrial filtration unit of Haywood Industries Inc. for an undisclosed sum.

The purchase, which the company said would be completed in the third quarter, will “immediately” increase the Cleveland, Ohio, component manufacturers earnings, according to a company statement.

The Haywood filtration unit had sales of $100 million in the past year and employs 530 people, Eaton said in a statement.