Parker Hannifin Corporation, a global leader in motion and control technologies, announced that it has acquired HDA Acessorios e Equipamentos Ltd. of Sao Paulo, Brazil. HDA is a manufacturer of hydraulic filters and accessories typically used in the mobile equipment, industrial and agriculture markets with offices and a manufacturing location in Sao Paulo.
HDA has annual sales of approximately $10 million and employs 88 people. Sales will be reported in Parker's Industrial reporting segment and the acquired company will be integrated as a business unit within the Parker Latin America Group.
“This acquisition will allow us to establish a presence in the local hydraulic filter market and offers us a new distribution channel that can complement Parker’s existing distributor network throughout the region,” said Ricardo Machado, President of Parker’s Latin America Group. “In addition, HDA enjoys a good reputation in the market and helps us achieve our goal of broadening our offering of products to these critical end markets.”
Parker Expands Presence in the Latin America Hydraulic Filtration Market
Acquisition of HDA of Brazil
- January 12, 2011
- 6992 views
Parker Expands Presence in the Latin America Hydraulic Filtration Market
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