Cleveland, Ohio–Parker Hannifin Corp. has acquired Markwel Hose Products Pvt. Ltd., a manufacturer of braided and spiral hydraulic hose products, the company announced Feb. 18.
Markwel, with annual sales of about $13 million, is headquartered in Mumbai, India, and has a manufacturing operation in Hyderabad, India. The company makes hose products that are integral components of the hydraulic systems of heavy-duty mobile and industrial machinery, Parker said.
Markwel employs about 350 people at its two sites.
Terms of the agreement were not disclosed. The acquisition is expected to…