- 10 April 2007 -

Parker acquires coupling manufacturer

Parker Hannifin has bought Rectus AG, a leading manufacturer of quick disconnect couplings and related products for pneumatic, hydraulic, medical and chemical processing applications. Rectus employs approximately 380 people worldwide and its revenues were approximately US$115 million in 2006. Earnings are expected to be accretive to Parker in the first full year.

Rectus will operate within the Industrial North America and Industrial International segments of Parker's global fluid connectors business, Parker says.

"Rectus compliments Parker's global presence in the pneumatic and hydraulic coupling market while significantly strengthening our European position," said Bob Bond, president of Parker's fluid connectors group.

"Parker and Rectus have enjoyed a growing business relationship for nearly two decades, including joint product development and private branding," said Rectus owner and president Peter Klein. "We anticipate continued profitable growth as part of the Parker worldwide organization."

www.parker.com

 

 

 

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