Parker Hannifin acquires Clarcor for $4.3 billion

By IndustryWeek

Dec 02, 2016

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Parker Hannifin Corp., which makes motion-control technology, agreed to acquire filtration-products manufacturer Clarcor Inc. for about $4.3 billion, including the assumption of net debt.

Clarcor makes filters for automotive and heavy industrial applications and reported $1.5 billion in sales for the fiscal year through November 2015. The deal adds an array of industrial air and liquid filtration technologies to Parker’s filtration portfolio, according to the statement.

Read the full story at industryweek.com.

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