M&A Deal Summary

Parker Hannifin Acquires Filtran Aftermarket Products

On September 7, 2005, Parker Hannifin acquired automotive company Filtran Aftermarket Products from SPX Technologies

Acquisition Highlights
  • This is Parker Hannifin’s 2nd transaction in the Automotive sector.
  • This is Parker Hannifin’s 18th transaction in the United States.
  • This is Parker Hannifin’s 1st transaction in Florida.

M&A Deal Summary

Date 2005-09-07
Target Filtran Aftermarket Products
Sector Automotive
Buyer(s) Parker Hannifin
Sellers(s) SPX Technologies
Deal Type Divestiture

Target

Filtran Aftermarket Products

Miami Lakes, Florida, United States
FAP provides complete sealing solutions for the automotive transmission market, including re-builders, original equipment manufacturers and distributors.

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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 27 of 73
Sector (Automotive) 2 of 2
Type (Divestiture) 9 of 21
State (Florida) 1 of 2
Country (United States) 18 of 41
Year (2005) 5 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-08-15 SSD Drives

Charlotte, North Carolina, United States

SSD Drives, Inc. is a designer, manufacturer and marketer of drives (AC and DC) and servos (drives/motors). Drives are electronic equipment that controls the direction, speed and torque of motors used within industrial automation process. SSD has been making drives since 1965.

Buy €235M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-10-04 PAGE International Hose

Fort Worth, Texas, United States

PAGE International Hose designs and manufactures custom engineered Fluoropolymer hose and tubing products for use in a wide variety of fluid transport applications. Page products include PTFE textile and stainless wire reinforced smooth bore and convoluted hoses and a variety of rubber covered PTFE hoses, silicone hose and tubing.

Buy -

Seller(S) 1

SELLER

SPX Technologies

Charlotte, North Carolina, United States

Category Company
Founded 1912
Sector Machinery
Employees4,100
Revenue 1.7B USD (2023)
DESCRIPTION
Entrance to SPX's corporate headquarters in Charlotte, North Carolina.
Entrance to SPX's corporate headquarters in Charlotte, North Carolina.

SPX Technologies is a global supplier of highly specialized, engineered solutions for the energy and food/beverage industries. Key products include processing systems and components for the food and beverage industry, pumps, valves and filtration equipment used in oil and gas processing, power transformers used by utility companies, and cooling systems for power generation plants and HVAC applications. SPX Technologies was founded in 1912 and is based in Charlotte, North Carolina.


DEAL STATS #
Overall 11 of 23
Sector (Automotive) 1 of 3
Type (Divestiture) 11 of 23
State (Florida) 1 of 1
Country (United States) 9 of 17
Year (2005) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-01-03 Cofimco SRL

Pombia, Italy

Cofimco is a designer and manufacturer of highly engineered aluminum and fiberglass axial fans for sophisticated and demanding cooling tower, evaporative condenser and air-cooled condenser fan applications.

Sell $28M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-10-25 4Front Engineered Solutions

Carrollton, Texas, United States

4Front Engineered Solutions is a manufacturer of a complete line of loading dock equipment for a premier list of global customers. Its products consist of mechanical, air-powered and hydraulic dock levelers, seals and shelters, trailer safety restraints, specialty dock doors, material handling lifts, and aftermarket parts and accessories.

Sell -