Parker buys Florida-based aerospace unit from Crane Co

Cleveland, Ohio - Parker Hannifin Corp. has acquired Resistoflex Aerospace, a division of the Crane Company. The business produces fluid connectivity and conveyance products for the aerospace industry and had sales of $16 million in 2005. Terms of the deal were not disclosed.

Based in Jacksonville, Florida, Resistoflex Aerospace was founded in 1936 and has 84 employees. The company, which invented PTFE extruded hose, also produces tubes and swaged fittings, including hydraulic beam seal fittings for aircraft and engine applications, and Nutlok, a separable fluid connector requiring no lockwire.

Resistoflex Aerospace will be integrated into Parker Aerospace's Stratoflex Products Division, headquartered in Ft. Worth, Texas, which designs and manufactures fluid conveyance systems and products, including PTFE, rubber, and metal hoses; hose assemblies; hose fittings; rigid tube assemblies; couplings; quick disconnects; swivel joints; fuel break-away valves; hydraulic fuses and flow regulators.

"We are delighted that Resistoflex Aerospace is joining the Parker team," noted Bob Barker, Parker Aerospace Group President. "Its innovative product line is a strong complement to the fluid conveyance subsystem that we provide to the global aerospace market."

Greg A. Ward, president of Crane Aerospace, said, "Resistoflex Aerospace has served the specialised needs of aerospace customers for 70 years. We believe the business will be in good hands with Parker."

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Press release from Parker