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Parker Hannifin Acquires Brazilian Manufacturer

Parker Hannifin, Cleveland, OH, manufacturer in motion and control technologies, has acquired Detroit Plasticos e Metais S/A, a Brazilian manufacturer of high performance fittings, valves, manifolds, and thermoplastic tubing. Detroit's products are used throughout Latin America in oil and gas, petrochemical, pulp and paper, mining, transportation, steel, construction and agricultural markets.  Detroit will become part of Parker's Fluid Connectors business in Brazil with future sales reported as part of the Industrial International segment. Terms of the transaction were not disclosed.
 
The acquisition of Detroit Plasticos e Metais strengthens Parker's position as the number one supplier of instrumentation and connector products in Brazil," said Ricardo Machado, President ...

Parker Hannifin, Cleveland, OH, manufacturer in motion and control technologies, has acquired Detroit Plasticos e Metais S/A, a Brazilian manufacturer of high performance fittings, valves, manifolds, and thermoplastic tubing. Detroit’s products are used throughout Latin America in oil and gas, petrochemical, pulp and paper, mining, transportation, steel, construction and agricultural markets.  Detroit will become part of Parker’s Fluid Connectors business in Brazil with future sales reported as part of the Industrial International segment. Terms of the transaction were not disclosed.
 
The acquisition of Detroit Plasticos e Metais strengthens Parker’s position as the number one supplier of instrumentation and connector products in Brazil,” said Ricardo Machado, President of Latin American Group. “Detroit’s products expand and complement our existing product portfolio.”
 
Detroit currently employs 210 people and its sales in fiscal year 2007 were approximately $17 million.
 
Parker Hannifin has sales of more than $12 billion annually.

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