M&A Deal Summary

Parker Hannifin Acquires Wilkerson

On May 1, 2001, Parker Hannifin acquired manufacturer Wilkerson from Ckd Createc

Acquisition Highlights
  • This is Parker Hannifin’s 11th transaction in the Manufacturing sector.
  • This is Parker Hannifin’s 7th transaction in the United States.
  • This is Parker Hannifin’s 1st transaction in Colorado.

M&A Deal Summary
Date 2001-05-01
Target Wilkerson
Sector Manufacturing
Buyer(s) Parker Hannifin
Sellers(s) Ckd Createc
Deal Type Divestiture

Target

Wilkerson

Englewood, Colorado, United States
Wilkerson Corp., manufactures a complete line of compressed air treatment and control products including compressed air filters, regulators, and lubricators (FRLs). Products also include electronic proportional valves, regulators, and accessories for a wide variety of industrial, process, and health care applications for global 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 12 of 73
Sector (Manufacturing) 11 of 38
Type (Divestiture) 6 of 21
State (Colorado) 1 of 1
Country (United States) 7 of 41
Year (2001) 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2001-05-01 Miller Fluid Power

Bensenville, Illinois, United States

Miller Fluid Power Co., manufactures both pneumatic and hydraulic cylinders that provide linear power for machinery to position, compact, elevate, or retract tools, machine components or materials serving a wide range of medical, packaging, paper, machine tool, transport, and material handling applications.

Buy -
FOLLOWING 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

Seller(S) 1

SELLER

Ckd Createc

Japan
Category Company
Sector Machinery
DESCRIPTION

Ckd Createc Corp. develops, manufactures, sells, and exports automatic machinery products worldwide.

DEAL STATS #
Overall 2 of 2
Sector (Manufacturing) 2 of 2
Type (Divestiture) 2 of 2
State (Colorado) 1 of 1
Country (United States) 2 of 2
Year (2001) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2001-05-01 Miller Fluid Power

Bensenville, Illinois, United States

Miller Fluid Power Co., manufactures both pneumatic and hydraulic cylinders that provide linear power for machinery to position, compact, elevate, or retract tools, machine components or materials serving a wide range of medical, packaging, paper, machine tool, transport, and material handling applications.

Sell -
Mergr

Product

Company

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