Newsletter Subscription


Tuesday, May 26, 2015


Parker Completes Acquisition of Velcon Filters

Parker Hannifin Corporation (NYSE:PH), the global leader in motion and control technologies, today announced that it has successfully completed its previously announced transaction to acquire Velcon Filters, LLC, from The Sterling Group LP, a private equity firm.  Terms of the transaction were not disclosed.

Velcon is a niche manufacturer of filtration systems, including vessels and replacement cartridges that meet specific requirements for fluid filtration processes in a variety of domestic and international end-markets.  Velcon has sales of approximately $115 million and 300 employees globally.  The acquired company will become a part of Parker's Filtration Group.  Approximately 33% percent of revenues will be reported in the Industrial North America segment and 67% percent reported in the Industrial International segment.


Your company’s press release on ASDNews and to thousands of other journalists and editors? Use our ASDWire press release distribution service.

Source : Parker Hannifin Corp.

Published on ASDNews: Nov 2, 2012

 

Homeland Security Week 2015

Oct 7 - 9, 2015 - Arlington, United States

Register More info


Next Generation ISR Symposium

Jun 9 - 10, 2015 - Washington, United States

Register More info


© 2004-2015 • ASDNews • be the first to know • contact usterms & conditionsprivacy policyadvertisingfaqs

zpsk