CLEVELAND (Oct. 5)—Parker Hannifin Corp. bought hose and tubing producer Texloc & Page International.
Parker acquired the Fort Worth, Texas, firm, which makes rubber-covered polytetraflouroethylene hose and silicone hose and tubing, among other products, for an undisclosed cash sum.
Texloc & Page's revenue for 2004 was more than $18 million and Parker expects the acquisition to add to its earnings in fiscal 2005.
Texloc's products lines include industrial convoluted and corrugated tubing, high-purity PTFE tubing for general industrial use and PTFE capillary tubing for instrumentation and medical devices. Page International's products include PTFE textile and stainless wire reinforced smooth bore and convoluted hoses as well as the rubber-covered products.
"Texloc provides us greater access to the life sciences, electrical insulation, and industrial markets. The Page International product line offers us the opportunity to further serve customers in the food processing and pharmaceutical markets," Bob Bond, president of Parker's Fluid Connectors Group, said in a company statement.