Fibrebond, a Minden-based manufacturer specializing in electrical modules for data centers, industrial, and utility sectors, announced today a definitive agreement to be acquired by Eaton Corporation for $1.4 billion.
Founded in 1982, Fibrebond has been at the forefront of transforming complex construction into simplified manufactured forms through intelligent design and automation. The company is currently finalizing a $150 million expansion of its Louisiana campus, set to be completed later this year. This expansion includes a new 297,000-square-foot electrical integration facility, which will increase Fibrebond’s total manufacturing and warehouse space to over 1 million square feet on its 254-acre site.
The expansion is expected to bring over 100 additional workers to the Minden campus, increasing the total number of individuals on-site to approximately 1,000, including direct employees, contract workers, and construction teams. This growth is driven by the accelerating demand for data center infrastructure, propelled by advancements in artificial intelligence, cloud services, and increased investment in energy infrastructure.
Graham Walker, President and CEO of Fibrebond, commented on the acquisition: “We stand firmly at the intersection of massive technological shifts. Our accelerating digital infrastructure work now drives industrial and utility growth. 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.”
Walker further emphasized the alignment of values between the two companies: “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. Not every company shares our values, but since 2015, Eaton has been a customer that honored their commitments. We are confident that Eaton will carry our vision forward and create new opportunities for the Fibrebond team and our community.”
Post-closing, the Fibrebond leadership team will remain with the business, and operations will continue to expand in Minden, Louisiana. The transaction, subject to customary closing conditions, is expected to close in the third quarter of 2025.
Eaton Corporation, established in 1911, is an intelligent power management company dedicated to improving the quality of life and protecting the environment. With revenues nearing $25 billion in 2024, Eaton serves customers in more than 160 countries, offering products for data centers, utilities, industrial, commercial, residential, aerospace, and mobility markets.
This acquisition marks a significant milestone for both companies, positioning them to better serve the rapidly evolving demands of the digital infrastructure landscape.
