Parker Hannifin Corp. (NYSE: PH), Cleveland, OH, has agreed to acquire Velcon Filters, LLC, Colorado Springs, CO, from private equity firm The Sterling Group LP. Terms were not disclosed.

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Velcon is a global manufacturer of filtration equipment and replacement cartridges for the aviation, industrial fuel and industrial process filtration markets. Sales for Velcon were $115 million for the year ended Aug. 31, 2012, and global employee count for the manufacturer is 300. 

Velcon will become part of Parker’s Filtration Group. Thirty-three percent of revenues will be reported in the Industrial North America segment and 67 percent will be reported in the Industrial International segment.

The company’s aviation division, through Velcon and Warner Lewis branded product lines, provides filtration process products for aviation fuel delivery, engineering and manufacturing products that filter, purify and remove water and contaminants from aviation fuel along the transport chain from the refinery to the aircraft. 

“This acquisition brings us a leadership position in aviation and industrial fuel filtration under the Velcon and Warner Lewis product brands, particularly for aviation fuel which requires specialist expertise and certifications,” said Peter Popoff, president of Parker’s filtration group.  “We are also strengthening our offering in process filtration markets such as oil and gas with the addition of the Twin Filter brand.”