Fibrebond Corporation announced Tuesday, March 11, 2025 that it has entered into a definitive agreement to be acquired by Eaton Corporation for $1.4 billion. While Fibrebond is headquartered in Minden, Eaton calls Dublin, Ireland its home base.Fibrebond, Minden’s largest employer, manufactures and integrates electrical modules that power the data center, industrial, and utility sectors. The company utilizes intelligent design and automation to transform complex construction into a simplified manufactured form.Later this y...
Fibrebond Corporation announced Tuesday, March 11, 2025 that it has entered into a definitive agreement to be acquired by Eaton Corporation for $1.4 billion. While Fibrebond is headquartered in Minden, Eaton calls Dublin, Ireland its home base.
Fibrebond, Minden’s largest employer, manufactures and integrates electrical modules that power the data center, industrial, and utility sectors. The company utilizes intelligent design and automation to transform complex construction into a simplified manufactured form.
Later this year, Fibrebond is completing a $150 million expansion on its Minden campus. Fibrebond transports its modules to infrastructure projects across the country.
“We stand firmly at the intersection of massive technological shifts. Our accelerating digital infrastructure work now drives industrial and utility growth,” said Graham Walker, president and chief executive officer of Fibrebond. “Our customers build at a scale we did not foresee even a few years ago. Our team has kept up with the growth while retooling for even greater scale. Today more than ever, our customers value the delivery and cost certainty Fibrebond brings to their sophisticated projects.
“As a private, family-owned business for 43 years, we understand that credibility and trust empower our relationships with our customers, our employee team and our supplier partners,” he said. “Not every company shares our values, but since 2015, Eaton has been a customer that honored their commitments. We are confident Eaton will carry our vision forward and create new opportunities for the Fibrebond team and our community.”
Minden Mayor Nick Cox said he was unaware of the Fibrebond sale until he received a text early Tuesday.
“Within about 5 minutes of getting that text, Fibrebond called me,” Cox said. “They wanted me to help them get the word out that this is going to be OK. It’s going to be a good deal.”
Cox said Eaton, a global company worth $111.5 Billion, will have even more money to invest in the community and the business than the Walker family.
“And they were doing a pretty awesome job,” he added.
Cox said Walker will be staying on the job, and that gives him a sense of peace about the sale.
CLICK HERE to read more of this article at Webster Parish Journal.