6309 Monarch Park Place, Suite 203
Niwot, CO 80503, USA
Phone (303) 443-5060
Toll free (888) 742-5060
Parker Hannifin Corporation, Cleveland, OH, has acquired Acadia Elastomers Corporation, Roanoke, VA, a producer of sealing solutions, for an undisclosed amount. Acadia will become part of Parker's Seal Group and is expected to be accretive to earnings. Acadia has annual revenues of $145 million, employs 1,400 people, and operates ten locations throughout North America and Europe.
Acadia is known for its transmission piston seals and has several other product brands including JM Clipper, Webster and Redmond Plastics. "For Parker, this is a complementary acquisition," said Heinz Droxner, president of Parker's Seal Group. "Acadia's breadth of product will not only position us to offer our customers more complete sealing systems, but will increase our presence in several key markets such as power generation, fluid power, oil and gas, and chemical process industries, and also expand our automotive product offering.