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Shortly after getting the new car pusher developed, there was a business recession. The new art of hydraulics pulled them through. The name HydrOILic was then used to identify this new method of power transmission. Cook Motor Company went into receivership. Bill Denison was able to reorganize the company as the Denison Engineering Company.
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.
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In December 2016, Parker Hannifin entered into a definitive agreement to acquire CLARCOR for approximately $4.3 billion in cash. [11] The acquisition was completed on February 28, 2017. [ 12 ]
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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