WASHINGTON, Mo. - Parker Hannifin Corp. and Sporlan Valve Co. jointly announced Parker has completed its acquisition of Sporlan. The deal is expected to be accretive to earnings in the first full fiscal year.
Sporlan operates seven manufacturing facilities and employs about 1,000 people. Annual revenues are approximately $150 million. Recognizing Sporlan's prominent position in the industry, Parker said it would make Sporlan a new division within Parker's Climate and Industrial Controls Group.