The manufacturer will sell the automotive air conditioning portion of its Mobile Climate Systems Division.
Latest In Parker Hannifin
Fourth quarter sales were flat to the same period in fiscal 2011.
Acquisition to expand offering of filtration diagnostic solutions.
Parker acquired the filtration business of John Fowler and the hydraulics manufacturing division of PIX Transmissions.
Leadership changes in four other groups will also take place.
Parker's Olaer Group acquisition expands manufacturer's international reach.
North America Industrial segment growth was in the double digits for Parker.
Snap-tite is a $100M manufacturer of fluid power components.
The acquired business will become part of Parker's Filtration Group.
Profit for the manufacturer of motion and control technologies grew 4.5 percent in the quarter.
Parker has been a majority shareholder in TAIYO since 2006.
With acquisition, Parker Hannifin recognizes Kaman as a reseller of Parker hydraulics, fluid connector & automation products.
Profit for the motion and control technologies company grew 19.7 percent.
Parker sees 15% increase in orders for the quarter ended June 30, 2011.
All Parker Hannifin segments reported a double-digit increase in sales and order levels.
Sales grow 23.4% in Parker's Industrial North America segment.
HDA, the acquired company, offers Parker a new distribution channel in the region.
Gulf Coast Seal, with $45M in annual sales, will be a part of the Parker Seal Group.
Demand levels continued to improve across many markets, CEO says.
Wright Line had sales of $101 million in the 12 months ended June 30, 2010.
