CLEVELAND (Nov. 1)—Parker Hannifin Corp. has acquired Roanoke-Va.-based Acadia Elastomers Corp. for an undisclosed amount.
Acadia employs about 1,400 people at 10 locations throughout North America and Europe, and will become part of Parker´s Seal Group, according to Parker. Acadia is a maker of transmission piston seals, and also has such product brands as JM Clipper, Webster and Redmond Plastics.
"For Parker, this is a complementary acquisition," said Heinz Droxner, president of Parker´s Seal Group. "Acadia´s breadth of product will not only position us to offer our customers more complete sealing systems, but will increase our presence in several key markets such as power generation, fluid power, oil and gas, and chemical process industries, and also expand our automotive product offering."