Parker-Hannifin Corporation (PH)
- Zacks
Parker-Hannifin (PH) to Sell Aircraft Wheel & Brake Unit
Parker-Hannifin's (PH) sale of Aircraft Wheel and Brake Business will enable it to better focus on its core business and help execute the previously-announced Meggitt acquisition.
- Benzinga
Parker Divests Aircraft Wheel & Brake Division To Kaman
Parker-Hannifin Corp (NYSE: PH) has agreed to divest its Aircraft Wheel and Brake Division, located in Avon, Ohio, in the U.S., to Kaman Corp (NYSE: KAMN) for $440 million. Parker's Aircraft Wheel and Brake Division is a manufacturer of aircraft wheel and brake systems and related hydraulic products, with annual sales of ~$70 million. Parker is divesting Aircraft Wheel & Brake to secure approval from certain governmental authorities in connection with its previously announced offer to acquire Me
- GlobeNewswire
Parker Signs Agreement to Divest Aircraft Wheel and Brake Division to Kaman
CLEVELAND, May 23, 2022 (GLOBE NEWSWIRE) -- Parker-Hannifin Corporation (NYSE: PH, “Parker”), the global leader in motion and control technologies, today announced that it has signed an agreement to divest its Aircraft Wheel and Brake Division, located in Avon, Ohio, in the United States, to Kaman Corporation (NYSE: KAMN). Kaman, headquartered in Bloomfield, Connecticut, is a leading manufacturer of components and materials for aerospace and defense, industrial and medical markets. As previously
