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Minden’s Fibrebond to Join Eaton Corp. in Major Acquisition

Corporate building signage representing Fibrebond and Eaton Corp.

News Summary

Fibrebond, a family-owned company from Minden, Louisiana, is set to be acquired by Eaton Corp. in a $1.4 billion deal. This acquisition will enhance Fibrebond’s capabilities in the electrical sector, enabling significant growth and local operational continuity. With a projected revenue of $378 million, Fibrebond is repositioning itself for future advancements in power management and technology, while maintaining its local leadership and workforce.

Minden’s Fibrebond to Join Forces with Eaton Corp. in Major Acquisition Deal

Big news from Minden, Louisiana! On March 11, 2025, it was officially announced that Fibrebond, a beloved family-owned company since 1982, will be joining the ranks of Eaton Corp., a powerhouse in power management. The acquisition is valued at a striking $1.4 billion as Eaton aims to ramp up its capabilities in the electrical sector.

A Look at Fibrebond

For those who may not be familiar, Fibrebond specializes in crafting high-quality electrical modules tailored for various markets, including data centers, industrial applications, and the utility sector. This innovative company has been a vital player in delivering its modules to infrastructure projects across the United States, ensuring that many essential services run smoothly.

Why the Acquisition Matters

The purchase is not just about dollars and cents. According to Fibrebond’s President and CEO, Graham Walker, the move is a key part of the company’s growth strategy. With revenues projected to reach around $378 million for the 12 months ending February 28, 2025, this acquisition will catapult Fibrebond into a new league, allowing them to further expand their reach and capabilities.

About Eaton Corp.

Eaton Corp. itself is no stranger to the industry. Founded in 1911, this giant is known for producing a wide range of products tailored for various sectors such as data centers, utilities, and even aerospace. The integration of Fibrebond will allow Eaton to leverage the company’s engineering prowess, particularly in the growing market for multi-tenant data centers.

Financial Expectations

As part of this strategic move, Eaton expects to see an impressive $110 million of adjusted EBITDA by 2025 due to the acquisition. This kind of financial optimism speaks volumes about the potential synergies that can be unlocked by combining both companies’ strengths.

Keeping It Local

Good news for the Minden community: following the acquisition, Fibrebond’s leadership team will stay with the company, and operations will continue in Minden. This means that the hardworking teams behind Fibrebond will maintain their roles and keep driving innovation locally. Plus, Fibrebond is in the midst of a $150 million expansion project aimed at enhancing their operations even further in 2025.

A Recognition of Strength

Justyn Dixon, President and CEO of North Louisiana Economic Partnership, pointed out that this acquisition underscores the strength of homegrown companies in North Louisiana. It’s a testament to how local businesses can thrive and catch the eye of major players in the industry.

The Future of Power Management

The acquisition of Fibrebond isn’t just good news for the local economy; it also highlights Eaton’s commitment to responding to the ever-growing demand in the fields of power management and advanced technology. By combining resources and capabilities, both companies are set to tackle the power needs of tomorrow head-on.

As the anticipated deal is expected to close in the third quarter of 2025, all eyes will be on how this partnership develops and what it means for the future of both companies. With Fibrebond continuing its operations and expansion initiatives, there is plenty to be excited about for the people of Minden and beyond!