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Lord Corp. CEO: Why we agreed to the Parker-Hannifin buyout

Lauren Ohnesorge
Lord Corp. CEO: Why we agreed to the Parker-Hannifin buyout

Hours after disclosing Parker-Hannifin’s $3.7 billion buyout proposal for his company, Lord Corporation CEO Ed Auslander says he’s optimistic that the deal is a good fit – not just for Lord, but for Cary. Auslander won TBJ's 2019 CEO of the Year just a few weeks ago. “They are impressed with us, the people here in Cary, what we’re doing in Cary, all of the R&D, the business leaders are here, and they value all of those folks,” he says.