Parker announces acquisition of PEGL

Parker Hannifin Corporation, global manufacturers in motion and control technologies, with branches in North and South America, recently announced a previously completed transaction to acquire President Engineering Group Limited (PEGL) based in Sheffield, U.K. PEGL specializes in the design and manufacture of technically advanced, precision engineered cryogenic valves for liquefied natural gas (LNG) and Industrial Gas applications and specialized equipment for mining safety applications.

PEGL products, including the Bestobell, Conflow and Bretby Gammatech brands, assist in the acquisition, transport and storage of LNG and help monitor and suppress dust and ash during mining operations. PEGL is a recent recipient of Britain’s prestigious Queen’s Award for International Trade and British Chamber of Commerce Manufacturer of the Year title.

The acquired company has become a part of Parker’s Instrumentation Group and approximately 40 percent of revenues will be reported in the North American Diversified Industrial business and the remaining 60 percent of revenues will be reported in the International Diversified Industrial business.

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