Parker Hannifin Corporation announces that it has acquired the railroad filtration business of the Camfil Farr Group. The railroad filtration business of the Camfil Farr Group is a leading manufacturer of air and liquid filtration products used in rail and transit, mining and marine engine applications. Terms of the transaction were not disclosed.
Headquartered in Laval, Canada, the railroad filtration business of the Camfil Farr Group had sales of approximately $22 million in 2011. With approximately 90 employees and operations and sales in Canada, Mexico and India, and a sales presence in the United States and Australia, approximately 75% of the ongoing revenues of the business will be reported in Parker's Industrial North America reporting segment with the remaining 25% reported in the Industrial International segment. The acquired business will become a part of Parker's Filtration Group.
"Parker sees significant opportunities to broaden our large engine and air filtration product lines and leverage products in other large combustion engine applications," says Peter Popoff, President – Filtration Group. "The railroad business of Camfil Farr brings expertise and services that allow Parker's Filtration Group to build a worldwide presence in specialized rail, marine and mining markets, while adding clean air technologies to strengthen our filtration solutions capabilities. Additionally, this transaction will give Parker Filtration manufacturing capacity in Canada and Mexico to better service customers in those markets."