Parker Hannifin Corporation
announced yesterday that it has acquired
Resistoflex Aerospace, a division of the Crane Company.
The business produces fluid connectivity and conveyance products for the aerospace industry and had sales of $16 million in 2005. Terms of the deal were not disclosed.
Based in
Resistoflex Aerospace will be integrated into Parker Aerospace's Stratoflex Products Division, headquartered in
, which designs and manufactures fluid conveyance systems and products, including PTFE, rubber and metal hoses; hose assemblies; hose fittings; and rigid tube assemblies.
PMI falls as manufacturers feel the squeeze
17 months or two and a half years - which is it?