Parker-Hannifin Completes Sale of North America Composites, Fuel Containment Division to SK Capital Partners-February 2024-www.financetom.com

Parker-Hannifin Completes Sale of North America Composites, Fuel Containment Division to SK Capital Partners

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Parker-Hannifin Completes Sale of North America Composites, Fuel Containment Division to SK Capital Partners

Nov 4, 2024 11:06 AM

10:35 AM EST, 11/04/2024 (MT Newswires) -- Parker-Hannifin ( PH ) said Monday it completed the sale of its North America composites and fuel containment division to SK Capital Partners.

The company said the divested business includes six manufacturing locations across the US and Mexico with annual sales of about $350 million.

Parker-Hannifin ( PH ) and SK Capital Partners agreed to the transaction in July.

PH shares were up 0.7% in recent trading.

Price: 639.37, Change: +4.34, Percent Change: +0.68

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