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Motion and control technology manufacturer Parker Hannifin Corp. (NYSE: PH), Cleveland, OH, has agreed to acquire filtration products manufacturer CLARCOR Inc. (NYSE:CLC), Franklin, TN, for $4.3 billion, including the assumption of net debt.
CLARCOR, with annual sales $1.4 billion and 6,000 employees worldwide, adds a broad array of industrial air and liquid filtration products and technologies to Parker’s filtration portfolio.