Parker Hannifin Company Description
Motion-control equipment made by Parker Hannifin helped sink a replica of the Titanic in the Academy Award-winning film. Parker Hannifin's motion-control products use hydraulic (liquid) or pneumatic (gas or air) systems to move and position materials or to control equipment. Its Industrial segment manufactures fluid connectors, purification systems, hydraulic and automation systems, electromechanical devices, seals and filters, and process instrumentation. The other two business segments include Climate & Industrial Controls (refrigeration and air conditioning components) and Aerospace (hydraulics, and fuel and engine systems). The company has operations in about 40 states and almost 50 foreign countries.
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The Company Description provides a historical perspective of Parker Hannifin's organization from inception to current status.
Produced by Hoover's in-house editorial team, the Company Description tracks ownership transitions, company progress via mergers and acquisitions, major growth milestones, and strategic initiatives, to provide a holistic view of Parker Hannifin's evolution in the marketplace.
