21 Oct 2005
Cleveland Ohio --Parker Hannifin Corp. has purchased Filtran Aftermarket Products Inc., a supplier of aftermarket components--including elastomer seals and O-rings--used in the rebuilding of automotive transmissions.
Details of the acquisition of Filtran from SPX Corp. were undisclosed, but the Miami Lakes, Florida-based company had revenues of $33 million in 2004. Cleveland-based Parker will integrate the business into its Seal Group and expects it to be accretive to earnings within its first full year of operation, the company said.
Filtran provides complete sealing solutions for the automotive transmission market, including re-builders, original equipment manufacturers and distributors, Parker said.
From Rubber & Plastics News (A Crain publication)
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