CLEVELAND (Aug. 1)—Parker Hannifin Corp. July 28 purchased the family-owned business of Atlantic Tubing Co. for an undisclosed amount in a cash-for-stock deal. The acquition further broadens Parker´s motion and control product line, adding fluropolymer tubing and extrusions for seminconductor, bio-process and electronics applications. Atlantic, which brings annual sales of about $14 million and about 30 employees, will operate as a unit of Parker´s Instrumentation Group.
Parker Hannifin acquires plastic tubing company
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