Parker Hannifin Corporation announced the company has successfully refinanced its syndicated credit facility at $1.5 billion over the next five years.
Last month’s NFPA Conference was an excellent event, with plenty of insight on the future from a bevy of speakers.
Berkshire Hathaway and The Lubrizol Corp. announced a definitive agreement for Berkshire Hathaway to acquire 100% of outstanding Lubrizol shares for $135 per share in an all-cash transaction.
Eaton Corp. announced it has agreed to acquire Internormen Technology Group, a leader in hydraulic filtration and instrumentation. The deal is subject to customary closing conditions and terms were not disclosed.
At IFPE 2011, the 52nd National Conference on Fluid Power will be the cornerstone of expanded education. The conference focus is on new technologies and methodologies within the fluid power industry related to improved analysis, design, manufacturing and performance of fluid power components and systems for mobile and industrial markets.
Helac Corp. has launched a new e-commerce website that allows customers to buy seals, bearings and valves online for Helac’s standard Rotary Actuator product lines.
Daman’s Tom Weinkauf will present two papers during educational programs on Thursday, March 24th at the IFPE Conference in Las Vegas. Both papers provide an update on standards work and Daman’s involvement in bringing those standards to the global industry.
The NFPA is partnering with the Center for Compact and Efficient Fluid Power to host half-day, in-depth college level technical courses for practicing engineers at IFPE 2011 on March 21-22, 2011 at the Las Vegas Convention Center.
Attica Hydraulic Exchange has been acquired by the Private equity group Stonebridge LLC. Attica has worldwide presence in the industrial hydraulic product service areas and is known for fast service and quality products.
The Center for Compact and Efficient Fluid Power, now in it’s 5th year, has been a nice success story for the fluid power industry. Funded in part by the National Science Foundation, the Center has among its goals the research and development of efficient components, compact power supplies, and compact energy storage.