Parker-Hannifin Corporation
Company Profile
Business Overview
-The Company is a manufacturer of motion and control technologies, whose products include fluid power systems, electromechanical controls and related components.
-The Company's business is comprised of two operating segments, the Diversified Industrial segment and the Aerospace Systems segment. The Diversified Industrial segment is further divided into the following five groups:
- Engineered Materials Group
- Filtration Group
- Fluid Connectors Group
- Instrumentation Group
- Motion Systems Group
-On October 29, 2019, the Company completed the acquisition of Lord Corporation, a leading manufacturer of adhesives, coatings, vibration and motion control technologies, for approximately USD 3,765 million.
Competition
-Bosch Rexroth
-Danaher
-Danfoss A/S
-Donaldson
-Eaton
-Emerson Climate Technology
-Emerson/ASCO
-Festo
-Freudenberg-NOK
-Gates
-IMI/Norgren
-Pall
-SMC
-Swagelok
-Trelleborg
Shareholders
-The Company is listed on the New York Stock Exchange.
Products
Fluid connectors
-Brass fittings and valves
-Hose couplings
-PTFE hoses and tubings
-Quick couplings
-Rubbers and thermoplastic hoses
-Tube fittings and adapters
-Tubing and plastic fittings
Hydraulics
-Accumulators
-Hydraulic cylinders
-Hydraulic motors and pumps
-Hydraulic systems
-Hydraulic valves and controls
-Hydrostatic steerings
-Integrated hydraulic circuits
-Power take-off units
-Power units
-Rotary actuators
-Hybrid drive systems "RunWise"
Pneumatics
-Filters and dryers
-Pneumatic valves
-Pneumatic cylinders
-Rodlock actuators
-Pneumatic grippers
-Air preparation components
-Other actuators
Seals
-Elastomeric O-rings
-Metal & plastic retained composite seals
-Dynamic seals
-Extruded & precision-cut/fabricated elastomeric seals
-High temperature metal seals
-Fluid port seals
-Hollow O-rings
-Hollow keyhole extruded battery cover seals
-Carrier gaskets
-EMI shielding
-Thermal management products
Filtration
-Analytical gas generators
-Compressed air & gas filters and dryers
-Condition monitoring systems
-Engine air, fuel, oil filtration and systems
-Hydraulic, lubrication and coolant filters
-Nitrogen, hydrogen and zero air generators
-Process, chemical, water and microfiltration filters
-Supply side compressed air filtration
-Demand side compressed air filtration
Climate and industrial controls
-Accumulators
-CO2 controls
-Electronic controllers
-Filter driers
-Hand shut-off valves
-Heat exchangers
-Hoses and fittings
-Pressure regulating valves
-Refrigerant distributors
-Safety relief valves
-Solenoid valves
-Thermostatic expansion valves
-Air conditioning compressors
Electromechanical products
-Electric actuators
-Stepper and servo motors, drives, and controllers
-LCD display protection and enhancement
-Human machine interface systems
Hybrid and electric vehicle products
-Permanent Motor AC (PMAC) motors
-Thermal interface materials
-Premier conductive plastics to replace metal housings
-Electro-hydraulic pumps
Lord Automotive Solutions
-Hem flange adhesives
-Thermally conductive encapsulants, gap fillers and adhesives
-Adhesives for composites and plastics
-Rubber-to-substrate adhesives
-Flock adhesives
-Anti-friction coatings
-Post-vulcanization bonding
-In-mold bonding adhesives
-Magneto-rheological fluids and devices
History
| Dec. 1938 | Incorporated in Ohio as Parker Appliance Co. |
| Sep. 1957 | Present name adopted on acquisition of all shares of Hannifin Corp. |
| Oct. 1957 | Merged with Hannifin Corp. |
| Jun. 1993 | Formed a joint venture named SAES-Parker UHP Components Corp with Italy-based SAES Getters Group of Milan. |
| Feb. 1998 | Acquired Computer Technology Corporation. |
| Mar. 1998 | Formed two joint ventures which are HS-Parker Company Ltd. and HS Parker Air-Conditioning Components Company Ltd. in Korea. |
| Mar. 1998 | Acquired Temeto AB. |
| Mar. 1998 | Acquired Sempres Pneumatics and integrated the Company's Automation Business. |
| Aug. 1998 | Acquired the Fluid Power Systems division of Fluid Power Industries. |
| Oct. 1999 | Acquired Avantech Corporation of Big Spring, Texas, a company which designs and manufactures electronic controls and systems for the construction, rescue equipment, aerial reach, and municipality markets. |
| Jan. 2000 | The Company and Commercial Intertech Corp. announced that their Boards of Directors have unanimously approved a definitive agreement to merge in a cash-and-stock transaction with an equity value of approximately USD 366 million. In addition, Parker will assume approximately USD 107 million of Commercial Intertech debt. |
| Feb. 2000 | The Company and Dana Corporation announced their agreement for Parker to acquire the assets of Dana's Gresen Hydraulic business. |
| Mar. 2000 | Acquired Gummi-Metall Scheufele & Gienger GmbH, a manufacturer of compound sealing products in rubber-metal and rubber-plastic varieties, as well as custom moldings made with elastomers. |
| Apr. 2000 | The Company and Commercial Intertech announced the completion of their merger. |
| May 2000 | Completed its acquisition of Whatman's Industrial Business, which manufactures high quality purification products and gas generators for a variety of industrial applications. |
| Jun. 2000 | The Company and Wynn's International, Inc. entered into an agreement for Parker to acquire Wynn's International in a cash tender offer with a value of approximately USD 497 million. |
| Jul. 2000 | Acquired Atlantic Tubing, a supplier of premium quality tubing and extrusions for semiconductor, bio-process and electronics industries. |
| Sep. 2000 | Acquired Invensys Pneumatics, a line of equipment and controls for automated processes used in material handling, machinery and many types of manufacturing. |
| Jan. 2001 | Acquired Stainless Connections of Australia and New Zealand, a supplier of engineered and customized stainless steel fittings and adaptors for mobile and industrial markets. |
| Feb. 2001 | Acquired S.B.C. Electronica SpA, based in Milan, a company which provides highly engineered motion controllers and digital servo drives used in a variety of industrial processes, including packaging, assembly, printing and textile manufacturing. |
| Mar. 2001 | Acquired Fairly Arlon, a Netherlands-based manufacturer of hydraulic filters for mobile and industrial machinery. |
| May 2001 | Acquired Miller Fluid Power and Wilkerson, both from CKD-Createc. |
| Jun. 2001 | Launched a new type of plant in the Czech Republic highlights the Company's strategy for expanding in lower-cost production centers around the world. In a radical change from the way that Parker has traditionally operated, nine independent divisions will share common services in the 100,000-sq.-ft. incubator plant as they establish production in Central Europe. |
| Jul. 2001 | Announced that it has completed its acquisition of Dana Corporation's Chelsea Products Division, a leading supplier of power take-offs (PTOs) and related auxiliary power devices for medium- and heavy-duty vocational equipment. |
| Aug. 2001 | Completed the purchase of Eaton's Aeroquip Air Conditioning and Refrigeration (AC&R) business for an undisclosed amount, effective August 31, 2001. |
| Oct. 2001 | Announced it has acquired assets associated with the global fluid management business of Dayco Industrial from Mark IV/BC Partners. |
| Jan. 2002 | Announced the completion of a global marketing alliance agreement with Myotoku Ltd. of Tokyo, Japan, a manufacturer of vacuum technology products. |
| Feb. 2002 | Announced the completion of a long-term business alliance agreement with Animatics Corporation of Santa Clara, California, a manufacturer of integrated motor control systems. |
| The Company and Taiyo Ltd. (Osaka, Japan) announced their agreement to form a global strategic alliance, with a 40% equity investment by Parker in Taiyo. The transaction is to be completed in March. | |
| Completed the divestiture of assets related to the Wynn Warranty business, including stock of Wynn's Extended Care to Phoenix American Insurance Group, Inc. | |
| May 2002 | Acquired the assets of Camfil Farr's Engine Air Filter business. The Company's stock was used to complete the purchase, which will become part of the Company's Filtration Group. |
| Jun. 2004 | Acquired the assets of Mead Fluid Dynamics Ltd., the European subsidiary of Chicago-based Mead Fluid Dynamics Inc., for an undisclosed amount. |
| Aug. 2004 | Agreed to acquire Sporlan Valve of Washington, Missouri, U.S., a manufacturer of air conditioning and refrigeration components. |
| Nov. 2004 | Acquired Acadia Elastomers Corp., a maker of sealing products with USD 145 million in annual sales and almost 1,400 employees. |
| 2008 | Acquired Lingk & Sturzebecher (L&S) in Germany. |
| Acquired Origa Group. | |
| Acquired Legris SA. | |
| Acquired Detroit Plasticos e Metais S/A in Brazil. | |
| 2012 | Divested its automotive air conditioning business to ContiTech. |
| Jul. 2013 | Consolidated its Climate and Industrial Controls (CIC) group into other existing operating groups within the company's Industrial Segment. |
| Dec. 2016 | Acquire Clarcor for approximately USD 4.3 billion. |
| Oct. 2019 | Completed acquisition of Lord Corporation, a manufacturer of adhesives, coatings, vibration technologies and motion control technologies, for approximately USD 3.675 billion. |
Supplemental Information 1
>>>Business Report up until FY ended Jun. 30, 2008
>>>Business Report up until FY ended Jun. 30, 2015
>>>Business Report up until FY ended Jun. 30, 2016
>>>Business Report up until FY ended Jun. 30, 2017
>>>Business Report up until FY ended Jun. 30, 2018
>>>Business Report up until FY ended Jun. 30, 2019
Note: A figure in brackets ( ) indicates a loss