Park-Ohio Industries, Inc., Cleveland, OH, a subsidiary of Park-Ohio Holdings Corp. (NASDAQ: PKOH), has acquired Fluid Routing Solutions Inc., Southfield, MI. FRS is a manufacturer of industrial hose products and fuel filler and hydraulic fluid assemblies.
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FRS sells to automotive and industrial customers throughout North America, Europe, and Asia, with five production facilities in Florida, Michigan, Ohio, Tennessee and the Czech Republic.
FRS reported sales of $190 million for the trailing twelve months ended Jan. 31, 2012. The transaction will be immediately accretive to earnings.
Park-Ohio is a provider of supply chain logistics services and a manufacturer of highly engineered products. The company operates 31 manufacturing sites and 44 supply chain logistics facilities.