M&A Deal Summary

Parker Hannifin Acquires Snap-Tite

On April 3, 2012, Parker Hannifin acquired manufacturer Snap-Tite

Acquisition Highlights
  • This is Parker Hannifin’s 33rd transaction in the Manufacturing sector.
  • This is Parker Hannifin’s 34th transaction in the United States.
  • This is Parker Hannifin’s 3rd transaction in Pennsylvania.

M&A Deal Summary
Date 2012-04-03
Target Snap-Tite
Sector Manufacturing
Buyer(s) Parker Hannifin
Deal Type Add-on Acquisition

Target

Snap-Tite

Erie, Pennsylvania, United States
Snap-Tite, Inc., is a manufacturer of innovative high-pressure fluid power components for oil and gas, industrial and research markets.

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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 60 of 73
Sector (Manufacturing) 33 of 38
Type (Add-on Acquisition) 41 of 51
State (Pennsylvania) 3 of 3
Country (United States) 34 of 41
Year (2012) 1 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-07-14 SSD Korea

Seoul, South Korea

SSD Korea Co., Ltd., of Seoul, Korea. SSD Korea is focused on sales, distribution, system integration and application support for electromechanical drives and motors that are used in a broad range of industrial and entertainment market applications.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-04-24 Olaer

Flintshire, United Kingdom

Olaer Ltd. is a manufacturer, marketer and distributor of of accumulators, oil coolers and filters that represent high quality and superior technology.

Buy -
Mergr

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