Parker Acquires Seal Specialist
Parker Hannifin Corp. announced that it has acquired Gulf Coast Seal Ltd., Houston, Texas. Terms of the transaction were not disclosed.
Gulf Coast Seal (GCS) is a provider of highly engineered elastomeric and plastic sealing components and sub-systems for use in offshore oil and gas applications as well as quick response machining and value added services. GCS has facilities in Houston and Glasgow, Scotland.
GCS has annual sales of approximately US$45 million (€33.2 million) and employs approximately 160 people. Sales will be reported in Parker's Industrial reporting segment and the acquired company will be integrated into the Engineered Polymer Systems Division, which is headquartered in Salt Lake City, Utah, U.S.A., and is part of the Parker Seal Group.
For more information: www.packer.com