In , the company acquired Hannifin Corporation of Illinois, a leading manufacturer of hydraulic and pneumatic power cylinders, valves and hydraulic presses. After the merger, the new company became known as Parker Hannifin Corporation. With a team of 4, employees, Parker Hannifin became a publically traded company on December 9, , listing shares on the New York Stock Exchange.
Over the next three decades, Parker Hannifin acquired more than companies to add to the firm's holdings while supporting the space program and entering the refrigeration and filtration markets. Parker began to reorganize its operations in the early 's to focus on its core motion and control markets' aerospace and industrial. By , Parker's 26, employees operated manufacturing plants and 87 administrative and sales offices, company stores, and warehouses around the world.
The company's global distribution network grew to the largest in the industry with over 5, distributors serving , customers. The company continued to support product lines for hydraulic, pneumatic and electromechanical applications.
In , Parker moved into a newly-constructed global headquarters at Parkland Blvd. Washkewicz, to align Parker's global operations to common goals and metrics that improve organizational efficiency and profitability.
Under the new strategy, the company navigated uncertain economic times, achieving many new records for growth and profitability. Parker is the world's leading diversified manufacturer of motion and control technologies and systems, providing precision-engineered solutions for a wide variety of mobile, industrial and aerospace markets.
Parker's fiscal year resulted in As of , Parker-Hannifin has 57, employees working throughout the 55 countries they service. Go to case. Andritz AG history, profile and corporate video Andritz AG is an Austrian company that develops production systems and industrial process solutions for various standard and specialized products.
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