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  5. Parker Hannifin Acquires Stainless Connections Pty

M&A Deal Summary

Parker Hannifin Acquires Stainless Connections Pty

On January 31, 2001, Parker Hannifin acquired manufacturer Stainless Connections Pty

Acquisition Highlights
  • This is Parker Hannifin’s 7th transaction in the Manufacturing sector.
  • This is Parker Hannifin’s 1st transaction in Australia.

M&A Deal Summary
Date 2001-01-31
Target Stainless Connections Pty
Sector Manufacturing
Buyer(s) Parker Hannifin
Deal Type Add-on Acquisition

Target

Stainless Connections Pty

New South Wales, Australia
Stainless Connections Pty Ltd., a manufactures and distributes a variety of engineered stainless steel fittings and adapters for mobile and industrial markets. With facilities in Albury, New South Wales, Australia, and Auckland, New Zealand, the company

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Buyer(S) 1

Buyer

Parker Hannifin

Cleveland, Ohio, United States
Category Company
Founded 1917
Sector Machinery
Employees61,120
Revenue 19.9B USD (2024)
DESCRIPTION
Parker Hannifin's corporate headquarters in Cleveland, Ohio.
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 8 of 75
Sector: Manufacturing M&A 7 of 39
Type: Add-on Acquisition M&A Deals 5 of 52
Country: Australia M&A 1 of 1
Year: 2001 M&A 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2000-07-28 Atlantic Tubing Co.

Chestnut Ridge, New York, United States

Atlantic Tubing Co., manufactures premium quality tubing and extrusions for semiconductor, bio-process and electronics industries.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2001-02-22 S.B.C. Elettronica

Milan, Italy

S.B.C. Elettronica SPA, is a manufacturer of digital servo drives and motors, among the requisite products and systems for high-efficiency factory automation.

Buy -
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