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.

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