Parker Hannifin Corp. has acquired two Texas hose and tubing companies that the firm said will boost its offerings in several markets.
Parker in early October closed the deal to purchase Texloc and Page International-both of which shared the same owner and operate out of Fort Worth, Texas.
The firms will be integrated into Parker's Parflex unit, headquartered in Ravenna, Ohio, and report to John Grecco, Parker vice president and general manager of its Parflex/Polyflex Division.
Together, Texloc and Page posted 2004 sales of $18 million, Parker said. Page makes a variety of rubber-covered PTFE hoses, silicone hose and tubing, and PTFE textile and stainless wire-reinforced smooth bore and convoluted tubing. Texloc manufactures industrial convoluted and corrugated tubing, high-purity PTFE tubing for general industrial uses and PTFE capillary tubing for instrumentation and medical devices.
``They bring good technology and a good reputation in the market, so they were attractive in that respect,'' Grecco said.
The Parker vice president said the firm anticipates keeping the Texloc and Page operations in Texas at this point. He didn't provide information on the size of the two factories there or the number of employees at the firms.
Parker sees the purchase as being able to add to what it already offers in the medical, industrial, aerospace, pharmaceutical and high-purity product segments that the two acquired companies focus on. ``It gives them the opportunity to grow and be part of a big company,'' Grecco said, ``and it gives us the technology and additional coverage in areas that are interesting to us.''
Texloc General Manager Dan Rodriguez said Parker's global presence will ``enable wider distribution of the products we are proud to have developed.''