By Liz White, ERJ staff
Cleveland, Ohio-Following its recent purchase of Acadia Elastomer Corp., Parker Hannifin Corp. has acquired another US seal maker, Advanced Products Co. The latest acquisition is a small, privately owned maker of metallic and polymer spring-energised seals. Terms of the deal-a-cash-for-stock transaction-were not disclosed.
Parker said it will integrate Advanced Products into its Parker Seal Group, which provides sealing materials to a broad range markets worldwide.
Advanced Products employs 150 people at its two plants-in North Haven, Connecticut, and Boom, Belgium-and has annual…