CLEVELAND (Feb. 1)—Parker Hannifin Corp. has completed its acquisition of ITR S.p.A. for $68 million. A subsidiary of the SAIAG Group, ITR is a maker of hose, fittings and rubber compounds for hydraulic, industrial and oil/gas applications. It reported sales of about $147 million in 2000 with seven production sites in Italy, Brazil and China. The Italian firm will be part of Parker's fluid connectors business.
Parker completes ITR acquisition
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