The 2020 Mid-Year Economic Update_long

Parker Hannifin Acquires Nexgen Hose

Parker Hannifin Corp., Cleveland, OH, manufacturer in motion and control technologies, has acquired Nexgen Hose Inc., Fergus, Ontario, Canada. Nexgen is a manufacturer of industrial PVC hose and tubing for niche and industry standard applications. These products are used in medical, agriculture, mining, diving, potable water/beverage and fire suppression industries.
 
In 2007, Nexgen recorded revenues of $7.2 million. Nexgen sales will be recorded within the Industrial North America segment of Parker's Fluid Connectors Group.
 
Nexgen strengthens Parker's position in the North American industrial hose market, broadening our total product offering with the addition of PVC hose and tubing," said Bob Bond, President of Parker's Fluid Connectors ...

Parker Hannifin Corp., Cleveland, OH, manufacturer in motion and control technologies, has acquired Nexgen Hose Inc., Fergus, Ontario, Canada. Nexgen is a manufacturer of industrial PVC hose and tubing for niche and industry standard applications. These products are used in medical, agriculture, mining, diving, potable water/beverage and fire suppression industries.
 
In 2007, Nexgen recorded revenues of $7.2 million. Nexgen sales will be recorded within the Industrial North America segment of Parker’s Fluid Connectors Group.
 
Nexgen strengthens Parker’s position in the North American industrial hose market, broadening our total product offering with the addition of PVC hose and tubing,” said Bob Bond, President of Parker’s Fluid Connectors Group.
 
Parker Hannifin has sales of more than $12 billion annually.

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