Posted January 7, 2011
Parker acquires Brazilian filter maker
Parker Hannifin Corporation has acquired HDA Acessorios e Equipamentos Ltd. of Sao Paulo, Brazil.
HDA manufactures hydraulic filters and accessories typically used in the mobile equipment, industrial and agriculture markets with offices and a manufacturing location in Sao Paulo.
The company has annual sales of approximately $10 million and employs 88 people. Sales will be reported in Parker's Industrial reporting segment and the acquired company will be integrated as a business unit within the Parker Latin America Group.
"This acquisition will allow us to establish a presence in the local hydraulic filter market and offers us a new distribution channel that can complement Parker's existing distributor network throughout the region," said Ricardo Machado, president of Parker's Latin America Group. "In addition, HDA enjoys a good reputation in the market and helps us achieve our goal of broadening our offering of products to these critical end markets."
