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In The News:

Parker Hannifin Acquires Gulf Coast Seal

Cleveland, OH-based Parker Hannifin Corp. (NYSE: PH), manufacturer of motion and control technologies, has acquired Gulf Coast Seal Limited based in Houston, TX. Gulf Coast Seal is a provider of highly engineered elastomeric and plastic sealing components and sub-systems for use in offshore oil and gas applications as well as quick response machining and value added services. Gulf Coast Seal has facilities located in Houston, TX, and in Glasgow, Scotland.

Gulf Coast Seal has annual sales of $45 million and employs 160 people. Sales will be reported in Parker's Industrial reporting segment and the acquired company will be integrated into the Engineered Polymer Systems Division, headquartered in Salt Lake City, UT, and part of the Parker Seal Group.

"This acquisition further strengthens our ability to service the critical oil and gas market and accelerates our growth globally in this key area," said Kurt Keller, president of Parker's Seal Group. "In addition, GCS provides Parker a product line extension, manufacturing a full line of PEEK components, accompanied by a quick response cell, kitting and assembly. Importantly, the GCS culture is focused on providing superior service to their customers, which is the primary goal of Parker's Win strategy."

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