Parker Expands Presence in the Latin America Hydraulic Filtration Market

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Acquisition of HDA of Brazil

Parker Expands Presence in the Latin America Hydraulic Filtration Market
Parker Expands Presence in the Latin America Hydraulic Filtration Market

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.”

Posted on January 12, 2011 - (6852 views)
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