M&A Deal Summary

Parker Hannifin Acquires Camfil Farr Engine Air Filter

On May 23, 2002, Parker Hannifin acquired machinery company Camfil Farr Engine Air Filter from Camfil Farr

Acquisition Highlights
  • This is Parker Hannifin’s 1st transaction in the Machinery sector.
  • This is Parker Hannifin’s 8th transaction in the United States.
  • This is Parker Hannifin’s 1st transaction in New Jersey.

M&A Deal Summary
Date 2002-05-23
Target Camfil Farr Engine Air Filter
Sector Machinery
Buyer(s) Parker Hannifin
Sellers(s) Camfil Farr
Deal Type Divestiture

Target

Camfil Farr Engine Air Filter

Riverdale, New Jersey, United States
Camfil Farr Engine Air Filter, produces air-intake filtration products for diesel- powered fire trucks, buses, heavy-duty off-road equipment, marine applications, mining machinery and power generation.

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Buyer(S) 1

Buyer

Parker Hannifin

Cleveland, Ohio, United States
Category Company
Founded 1917
Sector Machinery
Employees50,520
Revenue 19.9B USD (2024)
DESCRIPTION
Entrance to Parker Hannifin's corporate headquarters in Cleveland, Ohio.
Entrance to Parker Hannifin's corporate headquarters in Cleveland, Ohio.

Parker-Hannifin is a diversified manufacturer of motion and control technologies and systems, providing precision engineered solutions for a wide variety of mobile, industrial and aerospace markets. Parker Hannifin was formed in 1917 and is based in Cleveland, Ohio.

DEAL STATS #
Overall 14 of 73
Sector (Machinery) 1 of 11
Type (Divestiture) 7 of 21
State (New Jersey) 1 of 3
Country (United States) 8 of 41
Year (2002) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2002-02-01 ITR

Italy

ITR SpA, is a manufacturer of hose, fittings and rubber compounds for hydraulic, industrial and oil/gas applications. The company operates seven production facilities in Italy, Brazil and China and sales offices in Italy, France, Spain, Germany, Belgium and the U.S.

Buy $68M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2003-01-01 WEBB Enterprises

West Fargo, North Dakota, United States

WEBB Enterprises supplies the Model 600, 650 and 700 fuel water separator/fuel warmer/fuel filter, the Dial your Oil Change automatic engine oil change systems, fuel tank heaters, heavy-duty 4 way flasher controls, and other diesel engine accessories. WEBB’s products are recognized and installed by all major truck OEM’s. In October 2003, WEBB was sold to Parker-Hannifin Corporation, and the company was consolidated with Parker's Racor division.

Buy -

Seller(S) 1

SELLER

Camfil Farr

Riverdale, New Jersey, United States
Category Company
Founded 1987
Sector Machinery
Employees1,212
DESCRIPTION

Camfil Farr, Inc., is a manufacture in the development and production of air filters and clean air solutions. The company's business is to provide customers with sustainable best-in-class air filtration products and services within four main segments: Comfort Air, Clean Processes, Power Systems and Safety & Protection.

DEAL STATS #
Overall 1 of 1
Sector (Machinery) 1 of 1
Type (Divestiture) 1 of 1
State (New Jersey) 1 of 1
Country (United States) 1 of 1
Year (2002) 1 of 1
Mergr

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