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Parker-Hannifin Corporation, originally Parker Appliance Company, usually referred to as just Parker, is an American corporation specializing in motion and control technologies. Its corporate headquarters are in Mayfield Heights, Ohio , in Greater Cleveland (with a Cleveland mailing address).
On April 29, 2019 it was announced that LORD Corporation would be acquired by Parker Hannifin for $3.675 billion. [15] The sale was approved by the boards of each respective company and closed on October 30, 2019.
In 1993, Hagglunds sold the Denison portion to three private investors. Hagglunds remained a customer of Denison, but no longer retained ownership in the company. The company name was then changed to the current Denison Hydraulics Inc. [3] [4] In October 2003, Parker Hannifin acquired Denison International for $240 million. [5]
Parker Meggitt (legally Meggitt Ltd) is a British international company specialising in components and sub-systems for the aerospace, defence and selected energy markets. It was listed on the London Stock Exchange and was a constituent of the FTSE 100 Index until it was acquired by Parker Hannifin in September 2022.
The pneumatic division Hoerbiger-Origa was sold to the American Parker-Hannifin in October 2008. [4] In 2009, Hoerbiger bought Altronic, Inc. in Girard, Ohio, US. The Engine business unit continues to operate Altronic as a sub-brand. [5] The pneumatic seat comfort systems business was sold to France's Faurecia in October 2010. [6]
In addition to its aerospace factions, Triumph also had a stake in the U.S. steel industry. Because customers were becoming more demanding with respect to product quality, Alco Standard formed a new organization named Alco Diversified Services out of the 11 companies that comprised the Triumph Group, the two paper companies and their aerospace subsidiary.
Patrick "Pat" Streeter Parker (October 16, 1929 – July 6, 2005) was an American businessman who served as chief executive officer of Parker Hannifin Corporation his family business from 1971 to 1983, a member of the board of directors from 1960 to 1999, and chairman from 1977 to 1999.
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