Parker Hannifin Corporation PH, the global leader in motion and control technologies, today announced
that it has signed an agreement to acquire Velcon Filters, LLC, from The
Sterling Group LP, a private equity firm. Velcon is a global market leader in
the manufacturing of filtration equipment and replacement cartridges for the
aviation, industrial fuel, and industrial process filtration markets. Terms
of the transaction were not disclosed and are subject to regulatory approval.
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