Economy & Market
Hannifin completes Clarcor acquisition in $4.3 billion all-cash deal
Parker Hannifin Corp has completed its acquisition of Clarcor Inc, a major manufacturer of filtration products to the cement and other industries, for approximately $4.3 billion in cash, including the assumption of debt. Clarcor will join Parker's Filtration Group. "Our enhanced filtration presence is expected to add resilience to our bottom line. said CEO of Parker. Clarcor's Industrial Filtration business offers cement dust and powder collection solutions to the cement industry.