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HDA has annual sales of $10 million and employs 88 people. Sales will be reported in Parker's Industrial reporting segment and the acquired company will be integrated as a business unit within the Parker Latin America Group.
"This acquisition will allow us to establish a presence in the local hydraulic filter market and offers us a new distribution channel that can complement Parker's existing distributor network throughout the region," said Ricardo Machado, president of Parker's Latin America Group. "In addition, HDA enjoys a good reputation in the market and helps us achieve our goal of broadening our offering of products to these critical end markets."
Parker had sales of $10 billion in fiscal year 2010.
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