Parker-Hannifin Corp acquired Titan Industries, a transaction completed in June 2008, structured as Acquisition; terms not disclosed.
Titan Industries operates in Fluid Connectors Group (Industrial North America), is based in South Gate, California, USA. Parker acquired Titan Industries, a South Gate, California maker of industrial rubber, custom-made and composite hoses for fluid and material transfer, plus related products, services and accessories. Titan also had sites in Houston, Texas and Salisbury, North Carolina, employed 150 people, and achieved about $28 million in sales the prior year. It was integrated into Parker's Industrial Hose Products Division within the Fluid Connectors Group.
Strengthens Parker's industrial hose leadership by broadening the product line and adding entry into marine, aircraft, food and dock-side refueling markets.
Advisory firms were not disclosed for this transaction.