Parker Hannifin buys Indian hydraulic hose maker

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…

To read more,please login or register below.

Register
This is the first step to more free
content, user offers, subscriptions
and more.
Login
Log in here using the Email Address
and Password you signed up with