Parker Hannifin has signed a definitive agreement to sell its North America Composites & Fuel Containment Division to SK Capital, a New York-based private investment firm focused on the specialty materials, ingredients, and life sciences sectors. Parker Hannifin’s CFC Division is a provider of engineered carbon fiber composite components and fuel containment solutions for the defense and commercial aerospace markets. The business generates annual sales of approximately $350M, operates six manufacturing locations across North America, and employs approximately 1,700 people. The transaction is expected to close in Q4 of 2024.
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