Parker Hannifin Corp., manufacturer in motion and control technologies, has acquired Titan Industries, South Gate, CA, a manufacturer of industrial rubber, custom made and composite hoses for fluid and material transfer as well as related products, services, and accessories.
Titan has additional locations in Houston, Texas and Salisbury, NC, and employs 150 people.
Titan Industries achieved sales of $28 million last year. The acquisition of Titan strengthens Parker's position as an industry leader in the industrial hose market by expanding the product offering and providing entrance into the marine, aircraft, food and dock side refueling markets.
Titan will be integrated into the Industrial Hose Products Division, part of Parker's Fluid Connectors Group.
Parker Hannifin, a diversified global manufacturer, has annual sales of more than $10 billion.