BOYD ANNOUNCES SALE OF ITS THERMAL BUSINESS TO EATON FOR $9.5 BILLION

BOCA RATON, Fla., Nov 4 (Bernama) -- Boyd Corporation (“Boyd”), the trusted global innovator in engineered materials and thermal solutions, today announced that it has signed a definitive agreement to sell its Thermal business to Eaton, an intelligent power management company, for $9.5 billion. The transaction is subject to customary closing conditions, including the receipt of required regulatory approvals, and is expected to close in the second quarter of 2026.

Upon transaction close, Boyd’s Engineered Materials business, which delivers advanced technologies that seal, shield, and insulate high performance applications across the industries it serves, will continue to operate as an independent company under the Boyd Corporation brand and continue to be backed by Goldman Sachs Alternatives.