By Liz White, ERJ staff
Cleveland, Ohio-Parker Hannifin Corp. has added to its seals group with the purchase of seals group Acadia Elastomers Corp., for an undisclosed amount.
Acadia, which has annual turnover of about $145 million, employs nearly 1400 people, and has ten facilities in North America and Europe, with headquarters in Roanoke, Virginia. Acadia’s European operations are in Aachen in Germany. The acquisition is expected to add to Parker’s earnings.
Heinz Droxner, president of Parker’s Seal Group commented that, â€œFor Parker, this is a…