Parker Agrees to Sell North America Composites & Fuel Containment Division
PHParker(PH) GlobeNewswire News Room·2024-07-30 04:45

CLEVELAND, July 29, 2024 (GLOBE NEWSWIRE) -- Parker Hannifin Corporation (NYSE: PH), the global leader in motion and control technologies, today announced it has signed an agreement to divest its North America Composites and Fuel Containment (CFC) Division to private investment firm SK Capital Partners. With the completion of this transaction the company will have successfully divested businesses and product lines over the past three years that total nearly $450 million in annual sales. The transaction is s ...