Oct. 11, 2004: Parker Completes Acquisition Of Sporlan Valve
WASHINGTON, Mo. - Parker Hannifin Corp. and Sporlan Valve Co. jointly announced that Parker has completed its acquisition of Sporlan, one of the market leaders in refrigeration and air conditioning controls and systems. The deal is expected to be accretive to earnings in the first full fiscal year.
Headquartered here, Sporlan operates seven manufacturing facilities and employs about 1,000 people. Annual revenues are approximately $150 million. Parker said it will make Sporlan a new division within Parker's Climate and Industrial Controls Group.