Parker Hannifin buys Aqua Pro - Trade Only Today

Parker Hannifin buys Aqua Pro

Author:
Publish date:

Parker Hannifin Corp., a Cleveland-based motion and control technology company, acquired Aqua Pro Inc., a manufacturer of reverse-osmosis filtration systems.

Aqua Pro, which does business as Village Marine Tec and Offshore Marine Laboratories, reported $33 million in sales for fiscal 2008. The company has manufacturing plants in Gardena and San Fernando, Calif., and sales and service locations in California, Florida, Hawaii, Virginia and Washington.

The addition of Aqua Pro will complement Parker Hannifin’s existing products in growth markets, according to company president Peter Popoff. The company currently has annual sales of about $12 billion.

Related

E-nnovation Lab to expand at 2018 Metstrade show

The growing demand for hybrid and electric engines is becoming more apparent within the leisure marine market, prompting Metstrade to introduce the E-nnovation Lab platform for electric propulsion technology.

Aluminum, tow boats lead moderate growth in May

Boat registrations were up 2.1 percent in May in the main powerboat categories, and rose 3.2 percent in all categories, according to preliminary data from Statistical Surveys Inc., a Michigan company that tracks new boat registrations.

Retaliatory tariffs on boats to EU start today

The 25 percent tariff the EU announced Wednesday on U.S.-built boats kicks in today, and a 10 percent tariff on boats sold to Canada will start July 1, prompting boatbuilders to worry they will lose sales to those countries.