Parker-Hannifin Corp acquired Shaw Aero Devices, Inc., a transaction completed in November 2007, structured as Acquisition; terms not disclosed.
Shaw Aero Devices, Inc. operates in Aerospace (Parker Aerospace, Air & Fuel Division), is based in Naples, Florida, USA. Parker Aerospace acquired Shaw Aero Devices, a Naples, Florida producer of aerospace components and equipment founded in 1956 with about 250 employees. Shaw invented patented safety-lock, flush-mounted fuel and lightning-safe caps and also makes adapters, fuel system components, lubrication and hydraulic system equipment, and water and waste components for commercial and military aircraft and engines. The business had 2007 sales of roughly $45 million.
Shaw's product line complements Parker Aerospace's Air & Fuel Division, letting Parker offer more complete fuel, oil and hydraulic systems across the global aerospace market.
Advisory firms were not disclosed for this transaction.