Operator
Good morning, ladies and gentlemen, and welcome to the Cooper-Standard First Quarter 2021 Earnings Conference Call. [Operator Instructions]
I would now like to turn the call over to Roger Hendriksen, Director of Investor Relations.
Roger Hendriksen
Director, Investor Relations
Thanks, Melanie, and good morning everyone. We really appreciate you taking the time to join our call this morning. The members of our leadership team, who will be speaking with you on the call this morning are Jeff Edwards, Chairman and Chief Executive Officer; and Jon Banas, Executive Vice President and Chief Financial Officer.
Before we begin, I need to remind you that this presentation contains forward-looking statements. While these statements are made based on current factual information and certain assumptions and plans that management currently believes to be reasonable, these statements do involve risks and uncertainties. For more information on forward-looking statements, we ask that
Operator
Good morning, ladies and gentlemen, and welcome to the Cooper-Standard Fourth Quarter and Full Year 2020 Earnings Conference Call. [Operator Instructions] and the webcast will be available for replay later today.
I would now like to turn the call over to Roger Hendriksen, Director of Investor Relations.
Roger Hendriksen
Director, Investor Relations
Thank you, Kevin, and good morning, everyone. We appreciate your continued interest in Cooper-Standard, and we thank you for taking the time to participate in our call this morning. The members of our leadership team who will be speaking with you on the call this morning are Jeff Edwards, Chairman and Chief Executive Officer; and Jon Banas, Executive Vice President and Chief Financial Officer.
Year in Review: Eaton deal to sell hydraulics unit highlights M&A activity
Rubber & Plastics News Staff
Print
Ryco Hydraulics CEO Leigh Morrison (left) and Manuli Rubber Industries CEO Dardanio Manuli say their companies share a similar, family-run business philosophy.
NORBORG, Denmark For Eaton Corp., a deal to divest the company s hydraulics business is being viewed as transformational.
For Danfoss A/S, the deal to acquire Eaton s hydraulics business also is being viewed as transformational, but in a different way.
Eaton s move to sell off the hydraulics business is part of that company s push to focus on business segments that have better earnings consistency.