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Clarcor
CLARCOR Inc. was a manufacturer of filtration systems and packaging materials based in Franklin, Tennessee.[1] founded in Rockford, Illinois as JL Clark Manufacturing Co. by John Lewis Clark in 1904. It had approximately 30 manufacturing and distribution sites in the United States.[2] There were mainly two segments operating in the company: Engine/Mobile Filtration (providing air, fuel, transmission, and hydraulic fluid filters for engines, as well as dust collection cartridges), and Industrial/Environmental Filtration (providing filters for industrial process, pharmaceutical processes). Acquisitions and divestituresIn 1999, CLARCOR bought the companies Purolator Products Air Filtration Company, Facet International, and Purolator-Facet Filter Products from Mark IV for USD $144.8 million. All three companies were former subsidiaries of Purolator Products and were related to the manufacture and sale of industrial filtration equipment.[3] In March 2005, the company completed the acquisition of Niagara Screen Products Limited, a manufacturer of woven wire and metallic screening and filtration products.[4] In November 2005, CLARCOR completed the acquisition of Martin Kurz & Co., Inc. a producer of sintered porous metal laminates used in screening and filtration products, part of CLARCOR's Purolator Advanced Filtration Group.[5] In December 2007, the company completed the acquisition of Perry Equipment Corporation ("Peco"), a producer of engineered filtration, and merged with CLARCOR’s Facet operations with about $163 million.[6] In December 2008, CLARCOR completed the acquisition of Keddeg Company, a producer of aviation filtration, part of CLARCOR's Purolator Advanced Filtration Group.[7] In January 2011, the company completed the acquisition of TransWeb, LLC, a filtration media supplier.[8] In May 2012, CLARCOR completed the acquisition of Modular Engineering Pty Ltd., part of CLARCOR's PECOFacet division, for its famous natural gas filtration products.[9] In December 2013, the company acquired the Bekaert Advanced Filtration business from NV Bekaert SA. In June 2015, CLARCOR announced the sale of its packaging subsidiary, J.L. Clark, to Chicago-based CC Industries, Inc. In December 2016, Parker Hannifin entered into a definitive agreement to acquire CLARCOR for approximately $4.3 billion in cash.[11] The acquisition was completed on February 28, 2017.[12] Products and servicesEngine/Mobile Filtration provides filtration products for engines used in stationary power generation and mobile, industrial, and agricultural equipment, such as air, fuel, hydraulic fluid filters. References
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