Parker Acquires Brazilian Manufacturer of Connectors and Instrumentation Products Expanding Capabilities as Regional Market Leader
Parker Hannifin (NYSE:PH), the global leader in motion and control technologies, has acquired Detroit Plasticos e Metais S/A (Detroit) of Sao Paulo, Brazil, a manufacturer of high performance fittings, valves, manifolds, and thermoplastic tubing. Detroit’s products are used throughout Latin America in oil and gas, petrochemical, pulp and paper, mining, transportation, steel, construction and agricultural markets.