Home » Parker Hannifin Extends Medical Seal Capacity
Parker Hannifin Extends Medical Seal Capacity
April 4, 2008
Parker Hannifin Corp., Cleveland, OH, supplier in motion and control technologies, has acquired HTR Holding Corp. and its subsidiaries, including Hi-Tech Rubber, Inc., Inland Technologies, Inc., Ventrex, Inc. and Accusil, Inc. The acquired companies operate under their own names.
HTR Holding Corp. sales for its fiscal year ended Dec. 31, 2007, on a consolidated basis, were $93 million.
The Hi-Tech Group companies provide precision plastic and elastomeric components for medical devices such as intravenous equipment, drug infusion pumps, masks, septums, respirator hoses, catheters and diaphragms sold directly to original equipment manufacturers. Hi-Tech also produces components for various pump valves, liquid control valves and other non-medical devices.
The acquired business will be integrated as a new division, called the Medical Systems Division, within Parker's Seal Group.
With annual sales exceeding $10 billion, Parker Hannifin is in 43 countries.