SK Capital Partners Acquires North America Composites & Fuel Containment Division With $350M In Annual Sales From Parker Hannifin
Portfolio Pulse from Benzinga Newsdesk
SK Capital Partners has acquired the North America Composites & Fuel Containment Division from Parker Hannifin for $350 million in annual sales.
July 30, 2024 | 10:15 am
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Parker Hannifin has sold its North America Composites & Fuel Containment Division to SK Capital Partners. The division has $350 million in annual sales.
The sale of a division with $350 million in annual sales is likely to positively impact Parker Hannifin's stock in the short term as it may streamline operations and improve financial metrics.
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