Parker Hannifin completes US$4.3bn acquisition of Clarcor

Clarcor joins Parker Hannifin’s Filtration Group adding proprietary media, industrial and process filtration products and technologies, as well as a broad portfolio of replacement filters.

The acquisition also brings more than one dozen Clarcor brands to Parker Hannifin, including Clarcor, Baldwin, Fuel Manager, PECOFacet, Airguard, Altair, BHA, Clearcurrent, Clark Filter, Hastings, United Air Specialists, Keddeg and Purolator.

Parker Hannifin says that while it has strong relationships with original equipment manufacturers and customers in international markets, Clarcor contributes a solid US presence especially for recurring sales in the aftermarket.

“This is an exciting new journey as we work together to build the next generation of filtration,” said Tom Williams, chairman and CEO of Parker Hannifin. “Our enhanced filtration presence is expected to add resilience to our bottom line, improve operating margins, and enable us to meet long-term growth goals, strengthening our ability to achieve top quartile financial performance.”

“The combination deeply expands our ability to help make our world cleaner and safer while equipping our team members with new opportunities to innovate and grow,” said Rob Malone, Parker Hannifin’s Filtration Group president. “The acquisition also offers significant operating synergies from our combined strengths to better serve our customers.”