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In 1957, the company purchased Hannifin, a producer of valve and cylinder products, and changed its name to Parker Hannifin. [10] Many more acquisitions followed, with the company reaching 40 acquisitions by the year 1979. [11] In 1953, Arthur Parker's son Patrick S. Parker began working full-time at the company. [12]
On April 29, 2019 it was announced that LORD Corporation would be acquired by Parker Hannifin for $3.675 billion. [15] The sale was approved by the boards of each respective company and closed on October 30, 2019.
In March 2005, the company completed the acquisition of Niagara Screen Products Limited, a manufacturer of woven wire and metallic screening and filtration products. [ 4 ] In November 2005, CLARCOR completed the acquisition of Martin Kurz & Co., Inc. a producer of sintered porous metal laminates used in screening and filtration products, part ...
Parker-Hannifin (PH) is likely to benefit from strength across its end markets and acquired assets. The coronavirus outbreak-led market downturn and high debt level pose concerns.
There's no foolproof way to know the future for Parker Hannifin (NYS: PH) or any other company. However, certain clues may help you see potential stumbles before they happen -- and before your ...
Parker Meggitt (legally Meggitt Ltd) is a British international company specialising in components and sub-systems for the aerospace, defence and selected energy markets. It was listed on the London Stock Exchange and was a constituent of the FTSE 100 Index until it was acquired by Parker Hannifin in September 2022.
Parker-Hannifin's (PH) acquisition of Meggitt expands its presence in the UK, positioning it well to provide a broader suite of solutions for aircraft, and aeroengine components and systems.
Kaman completes acquisition of Bal Seal Engineering Inc., which designs, develops, and manufactures highly engineered products including precision springs, seals, and contacts. [14] [15] May 2022 Kaman announced it had acquired Parker-Hannifin's aircraft wheel and brake division for $440 million US. [16] January 18, 2023