Latest In Parker Hannifin
Thomas L. Williams, Lee C. Banks take reins at manufacturing company.
Robert Malone named company vice president, filtration group president
Second-quarter profit was up 40 percent year-over-year.
North American diversified industrial segment sales decreased.
Parker will have two reporting segments, diversified industrial and aerospace systems, starting in 2014.
In Industrial North America, Parker Hannifin sales were down 2.4 percent.
PGI manufactures flow control components for oil & gas, agriculture and petro-chemical applications.
Ongoing weakness in international markets affects Parker Hannifin's first-quarter results.
Acquisition supports Parker's position in commercial marine and large yacht markets.
Colorado-based Velcon Filters manufactures filtration equipment for the aviation, industrial fuel and industrial process filtration markets.
With the addition of K-D, B.W. Rogers will have 21 locations in seven states.
The manufacturer will sell the automotive air conditioning portion of its Mobile Climate Systems Division.
Fourth quarter sales were flat to the same period in fiscal 2011.
Acquisition to expand offering of filtration diagnostic solutions.