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.