6309 Monarch Park Place, Suite 203
Niwot, CO 80503, USA
Phone (303) 443-5060
Toll free (888) 742-5060
Page International products include PTFE textile and stainless wire reinforced smooth bore and convoluted hoses and a variety of rubber covered PTFE hoses, silicone hose and tubing. The acquisition is expected to be accretive in its first full year following acquisition.
"We are excited to have Texloc and Page International join Parker. Their range of hose and tubing nicely complements our existing offering," said Bob Bond, President of Parker's Fluid Connectors Group. "Texloc provides us greater access to the life sciences, electrical insulation, and industrial markets. The Page International product line offers us the opportunity to further serve customers in the food processing and pharmaceutical markets."
"Parker will provide a great opportunity for Texloc and Page International to expand our products globally. Their global presence and reputation for quality will enable wider distribution of the products we are proud to have developed," said Dan Rodriguez, General Manager of Texloc.
With annual sales exceeding $8 billion, Parker Hannifin is the world's leading diversified manufacturer of motion and control technologies and systems, providing precision-engineered solutions for a wide variety of commercial, mobile, industrial and aerospace markets. The company employs more than 50,000 people in 48 countries around the world. Parker has increased its annual dividends paid to shareholders for 49 consecutive years, among the top five longest-running dividend-increase records in the S&P 500 index. For more information, visit the company's web site at http://www.parker.com, or its investor information site at http://www.phstock.com.