Eaton (ETN) late Tuesday said it has closed the $1.4 billion acquisition of Fibrebond that manufactures pre-integrated modular power enclosures.

Eaton said the deal is expected to increase its adjusted earnings before interest, taxes, depreciation and amortization by around $110 million during 2025. The transaction likely will have a neutral impact on the power management company's earnings this year, it said.

Louisiana-based Fibrebond is expected to report $378 million in revenue during the 12 months ended Feb. 28, Eaton said.

Eaton announced plans to acquire Fibrebond on March 11.