{"id":1914,"date":"2017-02-13T20:15:07","date_gmt":"2017-02-13T20:15:07","guid":{"rendered":"https:\/\/www.attachmart.com\/blog\/?p=1914"},"modified":"2017-02-13T20:22:05","modified_gmt":"2017-02-13T20:22:05","slug":"parker-hannifin-acquires-helac-corporation","status":"publish","type":"post","link":"https:\/\/www.attachmart.com\/blog\/parker-hannifin-acquires-helac-corporation\/","title":{"rendered":"Parker Acquires Helac Corporation"},"content":{"rendered":"<p>Parker Hannifin Corporation (NYSE: PH), the global leader in motion and control technologies, announced on February 1<sup>st<\/sup> \u00a0that it has acquired Helac Corporation, headquartered in Enumclaw, WA. Helac specializes in the design and manufacture of helical rotary actuators, known for their tremendous torque output, compact dimensions, exceptional load bearing capability and rugged, reliable performance.<!--more Continue reading-->\u00a0Helac also manufactures a line of attachments primarily for use in material handling and construction equipment markets. Terms of the transaction were not disclosed.<\/p>\n<p>\u201cHelac is a pioneer in the development of helical rotary actuators and represents a strategic addition to our world-leading hydraulics product portfolio offering customers solutions in a wide variety of markets,\u201d said Andy Weeks, President of the Parker Hydraulics Group. \u201cWe are excited about the opportunities to strengthen Parker\u2019s position in key growth markets and expand the reach of Helac products through Parker\u2019s global sales channels.\u201d<\/p>\n<p>Helac had revenues of approximately $75 million with 300 employees in its fiscal year ending June 30, 2016. \u00a0The acquired company will become a business unit of Parker\u2019s Cylinder Division within the Hydraulics Group with sales reported in Parker&#8217;s Diversified Industrial segment.<\/p>\n<p>\u201cAs we looked at options for future growth we sought a partner that shares our deep commitment to innovation, serving our customers\u2019 needs and delivering high quality products and services,\u201d said Dean Weyer, CEO Helac Corporation. \u201cParker Hannifin has all of those qualities along with an entrepreneurial culture and decentralized operating model that will allow Helac employees to thrive and grow. \u00a0We are excited for the future of our business working in concert with such a well-respected global leader in hydraulics.\u201d<\/p>\n<p>Parker Hannifin is a Fortune 250 global leader in motion and control technologies. For 100 years the company has engineered the success of its customers in a wide range of diversified industrial and aerospace markets.\u00a0 Parker has increased its annual dividend per share paid to shareholders for 60 consecutive fiscal years, among the top five longest-running dividend-increase records in the S&amp;P 500 index.\u00a0 Learn more at <a href=\"http:\/\/www.parker.com\">www.parker.com<\/a> or @parkerhannifin.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Parker Hannifin Corporation (NYSE: PH), the global leader in motion and control technologies, announced on February 1st \u00a0that it has acquired Helac Corporation, headquartered in Enumclaw, WA. Helac specializes in the design and manufacture of helical rotary actuators, known for their tremendous torque output, compact dimensions, exceptional load bearing capability and rugged, reliable performance.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"slim_seo":{"title":"Parker Acquires Helac Corporation - Attachment News &amp; Announcements - Attachmart.com&#039;s Blog","description":"Parker Hannifin Corporation (NYSE: PH), the global leader in motion and control technologies, announced on February 1 st \u00a0that it has acquired Helac Corporation"},"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1914","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/www.attachmart.com\/blog\/wp-json\/wp\/v2\/posts\/1914","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.attachmart.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.attachmart.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.attachmart.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.attachmart.com\/blog\/wp-json\/wp\/v2\/comments?post=1914"}],"version-history":[{"count":4,"href":"https:\/\/www.attachmart.com\/blog\/wp-json\/wp\/v2\/posts\/1914\/revisions"}],"predecessor-version":[{"id":1916,"href":"https:\/\/www.attachmart.com\/blog\/wp-json\/wp\/v2\/posts\/1914\/revisions\/1916"}],"wp:attachment":[{"href":"https:\/\/www.attachmart.com\/blog\/wp-json\/wp\/v2\/media?parent=1914"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.attachmart.com\/blog\/wp-json\/wp\/v2\/categories?post=1914"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.attachmart.com\/blog\/wp-json\/wp\/v2\/tags?post=1914"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}