- 15 February 2007 -

Parker moves into compressed air filtration

Parker Hannifin has acquired Airtek, a provider of drying and filtration equipment for compressed air based in New York, USA. Airtek employs approximately 130 people and had revenues of US$18 million in 2006.

Airtek will operate as part of Parker’s global filtration business with results reported within the company’s Industrial North America segment. “Airtek significantly adds to our ability to provide customers with a complete compressed air treatment package from the compressor to the point of use,” said John Oelslager, president of Parker’s filtration group. “The acquisition also creates additional demand for filters, replacement elements and accessories in the aftermarket segment of our business. We welcome our colleagues from Airtek and look forward to their future performance as part of Parker.”

“We believe Parker’s proven track record of successfully integrating acquisitions bodes well for both our employees and customers,” said Airtek COO Mike Arno. “We look forward to continued profitable growth.”

The treatment of compressed air is applied when contaminants and water vapour within the air become concentrated during the compression process. Failure to clean and dry the air prior to entering a process distribution system can result in damage to air operated equipment, decreased production, corroded pipes, spoiled product, ruined processes, and higher energy costs, Parker says.

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