Parker Hannifin
has acquired the Herl Company, a privately held manufacturer of industrial refrigeration valves and controls.
Herl will become part of Parker's Climate & Industrial Controls Group, which provides refrigeration and air conditioning components, controls and systems. Terms of the deal were not disclosed.
With one location in
"This is a complementary acquisition and helps Parker globalise its industrial refrigeration business, with Herl adding its solid position in Europe to Parker's leading position in North America," said Lynn Cortright, President of Parker's Climate & Industrial Controls Group.
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Where will all the raw materials come from for the manufacturing process? How will they be transported to the factory and what is going to be done with the various scrap and residues?