Parker buys hoses and tubing

News

Parker Hannifin announced yesterday that it has purchased Texloc & Page International of Fort Worth, Texas for an undisclosed cash sum.

announced yesterday that it has purchased

&

of Fort Worth, Texas for an undisclosed cash sum.

Texloc produces industrial convoluted and corrugated tubing, high purity polytetraflouroethylene (PTFE) tubing for general industrial purposes and PTFE capillary tubing for instrumentation and medical devices.

Page International products include PTFE textile and stainless wire reinforced smooth bore and convoluted hoses and a variety of rubber covered PTFE hoses, silicone hose and tubing.

Texloc & Page revenues exceeded $18 million during the company's 2004 fiscal year which ended December 31, 2004. The acquisition is expected to be accretive in its first full year following acquisition.

"Texloc provides us greater access to the life sciences, electrical insulation, and industrial markets,” said Bob Bond, President of Parker's Fluid Connectors Group. “The Page International product line offers us the opportunity to further serve customers in the food processing and pharmaceutical markets."

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