Overview
- Eaton acquired Fibrebond earlier this year for $1.7 billion, completing a deal that followed the company’s pivot into data-center power infrastructure.
- The transaction earmarked 15% of proceeds—$240 million—for 540 full-time employees as retention bonuses paid over five years.
- Awards average about $443,000 per person, with larger amounts for long-tenured staff and annual vesting tied to staying on the job.
- Employees received sealed award letters in June and have used initial payments to pay off debt, mortgages, tuition or retire, boosting local spending in Minden, Louisiana.
- Fibrebond invested roughly $150 million to build modular power enclosures and saw sales rise nearly 400% in five years, drawing acquisition interest from larger industrial players.