CLEVELAND, Ohio — Parker Hannifin and Camfil Farr jointly announced Parker has acquired the assets of Camfil Farr’s Engine Air Filter business.
Parker stock was used to complete the purchase, which will become part of the company’s Filtration Group.
Based in Holly Springs, Mississippi, the Farr unit, which posted sales of $15 million last year, produces air-intake filtration products for diesel-powered fire trucks, buses, heavy-duty off-road equipment, marine applications, mining machinery and power generation.
As a complement to Parker’s Filtration business, it expands the company’s position in the lucrative air-fluid filtration and conditioning markets, staked by Parker’s market-leading Racor line.
“Since Camfil’s acquisition of Farr in 2000, there has been an effort to define Camfil Farr’s core business. This resulted in our decision to divest of our engine product division,” said John Johnston, president and chief executive officer of Camfil Farr Americas.
Truck News is Canada's leading trucking newspaper - news and information for trucking companies, owner/operators, truck drivers and logistics professionals working in the Canadian trucking industry. All posts by Truck News