ER CO.

Eolon Monufqcluring Acquires Yole & Towne

The acquisition by Eaton Manufacturing Company of the assets and business of the Yale & Towne Manufacturing Company has been approved by shareholders of each company, according to a joint statement by John C. Virden, chairman and president of Eaton, and Gordon Patterson, president of Yale & Towne.

Present Yale & Towne assets and business will be transferred to' a newly organized and wholly-owned subsidiary of Eaton, to beknown as Yale & Towne, Inc.

The present management of the Yale & Towne Manufacturing Company will continue to direct the operations of Yale & Towneo Inc., here and abroad, and will maintain the Yale & Towne trademarks and trade names in the fields of materials handling equipment, and locks in door closers and other hardware products.

Eaton, founded in 19Il by Joseph Oriel Eaton, is a prominent manufacturer of automotive, marine and industrial equipment and components in the U.S.A., Canada and overseas. Yale & Towne was established as a lock manufacturing company in 1868 by Linus Yale, Jr. and Henry R. Towne and entered the materials handling equipment field in 1875.

Cosl Accounting Monuql for Woodwork

A Cost Accounting Manual for woodworking concerns has been published by the Architectural Woodwork Institute. It includes data both for companies with diversified operations and those engaged in special millwork only.