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Parker Hannifin, Cleveland, OH, supplier in motion and control technologies, reported that for the second quarter 2008, which ended on Dec. 31, 2007, sales were $2.8 billion, an increase of 12.7% from the same quarter a year ago.
Profit increased 9.8% to $211.9 million from the same quarter a year ago.
Of the 12.7% sales growth this quarter, 4.9% was organic, 2.9% was the result of strategic acquisitions, and the remainder was from the effects of foreign currency exchange rates.
The company made four strategic acquisitions this quarter, adding $223 million in sales. These acquisitions included electrical and production umbilical cables for subsea oil and gas installations; further expansion of aerospace components and equipment capabilities; ...
Parker Hannifin, Cleveland, OH, motion and control technologies supplier, today announced has acquired the Texas Thermowell Industries, Beaumont, TX, business of Bravura, Ltd., a manufacturer of temperature sensing protection equipment.&nbsp ;
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The anticipated annual revenue of the business for the 2007 fiscal year will be $5 million.
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Texas Thermowell products will give Parker a solid foundation in critical temperature sensing applications within chemical processing and petroleum refining markets," said John Greco, president of Parker's Instrumentation Group. "Temperature sensing is among the most commonly required control applications in processing plants which may have dozens of temperature monitoring points using these devices to protect ...
Parker Hannifin Corp.'s Parker Aerospace has acquired Shaw Aero Devices, Inc., Naples, FL, a producer of aerospace components and equipment.
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Shaw Aero Devices, Inc. has 250 employees. The company, which invented patented safety-lock, flush- mounted fuel and lightning safe caps, also produces other caps and adapters, fuel system components, lubrication and hydraulic system equipment, and water and waste components for aerospace markets, including both commercial and military aircraft and their engines.
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The business had sales of $45 million in 2007.
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Shaw Aero Devices will be integrated into Parker Aerospace's Air & Fuel Division, in Irvine, California.
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Parker Hannifin designs, manufactures, and services flight control, ...
Parker Hannifin Corporation, Cleveland, OH, supplier of motion and control technologies, has acquired Mitos Technologies, Inc.&nbsp ;
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Mitos manufactures fluid-handling products and systems designed specifically to meet the high purity requirements of the biotech industry, including tubing and hose, valves, pumps and molded components.&nbsp ;
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Mitos had revenues of $5.5 million in 2006 and employs 40 people at its headquarters in Phoenixville, PA.
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Parker Hannifin, Cleveland, OH, has acquired Rectus AG, a manufacturer of quick disconnect couplings and related products for pneumatic, hydraulic, medical and chemical processing applications.
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The company had revenues of about $115 million in 2006. It employs 380 people worldwide including its headquarters in Nussdorf, Germany, its Nycoil operation in Randleman, NC, its TEMA operation in Skovde, Sweden, and several international sales offices.
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Rectus will operate within the Industrial North America and Industrial International segments of Parker's global fluid connectors business.
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With annual sales exceeding $9 billion, Parker Hannifin is a diversified manufacturer of motion and control technologies and systems for a wide variety of ...

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