Parker Hannifin Corporation, the major player in motion and control technologies, announces it has completed the previously announced divestiture of its North America Composites and Fuel Containment (CFC) Division to private investment firm SK Capital Partners.
Parker’s CFC Division has six manufacturing locations across the U.S. and Mexico and generates annual sales of approximately $350 million. It became part of Parker’s North America businesses within the Diversified Industrial Segment following the acquisition of Meggitt plc in 2022. CFC is a leading manufacturer of engineered carbon fiber composites and fuel containment solutions.
Courtesy of Parker Hannifin.