Clarcor

CLARCOR Inc.
Public
Industry Filtration Engines
Membranes Gas Turbines
Valves Hydraulics
Fate Acquired by Parker Hannifin
Founded 1904
Defunct 2017
Headquarters Franklin, Tennessee
Key people

Christopher L. Conway
( Chief Executive Officer and Chairman)
David J. Fallon
( Chief Financial Officer, Chief Accounting Officer)(Dec 31, 2013 )

David Lindsay
( Chief Administrative Officer)
Number of employees
 5,267 ((March 2014))
Divisions Engine/Mobil
Industrial/Environmental
Website Clarcor Inc.

CLARCOR Inc. was a manufacturer of filtration systems and packaging materials based in Franklin, Tennessee.[1] founded in Rockford, Illinois as JL Clark Manufacturing Co. by John Lewis Clark in 1904. It had approximately 30 manufacturing and distribution sites in the United States.[2]

There were mainly two segments operating in the company: Engine/Mobile Filtration (providing air, fuel, transmission, and hydraulic fluid filters for engines, as well as dust collection cartridges), and Industrial/Environmental Filtration (providing filters for industrial process, pharmaceutical processes).

Acquisitions and divestitures

In December 2016, Parker Hannifin entered into a definitive agreement to acquire CLARCOR Inc. for approximately $4.3 billion in cash.[3] Parker Hannifin Corporation (NYSE: PH) completed its acquisition of CLARCOR Inc. (NYSE: CLC) on February 28, 2017.[4]

In June 2015, CLARCOR Inc. announced the sale of its packaging subsidiary, J.L. Clark, to Chicago-based CC Industries, Inc. The sale will allow CLARCOR to focus on its core competency of filter manufacturing.
In December 2013, CLARCOR Inc. completed the acquisition of the Air Filtration business of General Electric Company's Power & Water division, improving the performance of CLARCOR with the help of the new company’s BHA and ALTAIR air filtration products.[5]
In December 2013, the company acquired the Bekaert Advanced Filtration business from NV Bekaert SA.
In May 2012, CLARCOR Inc. completed the acquisition of Modular Engineering Pty Ltd., part of CLARCOR's PECOFacet division, for its famous natural gas filtration products.[6]
In January 2011, CLARCOR Inc. completed the acquisition of TransWeb, LLC, a filtration media supplier.[7]
In December 2008, CLARCOR Inc. completed the acquisition of Keddeg Company, a producer of aviation filtration, part of CLARCOR's Purolator Advanced Filtration Group.[8]
In December 2007, CLARCOR Inc. completed the acquisition of Perry Equipment Corporation ("Peco"), a producer of engineered filtration, and merged with CLARCOR’s Facet operations with about $163 million.[9]
In November 2005, CLARCOR Inc. completed the acquisition of Martin Kurz & Co., Inc. a producer of sintered porous metal laminates used in screening and filtration products, part of CLARCOR's Purolator Advanced Filtration Group.[10]
In March 2005, CLARCOR Inc. completed the acquisition of Niagara Screen Products Limited, a manufacturer of woven wire and metallic screening and filtration products.[11]
In 1999, Clarcor bought the companies Purolator Products Air Filtration Company, Facet International, and Purolator-Facet Filter Products from Mark IV for USD $144.8 million. All three companies related to the manufacture and sale of industrial filtration equipment.[12]

Products and services

Engine/Mobile Filtration provides filtration products for engines used in stationary power generation and mobile, industrial, and agricultural equipment, such as air, fuel, hydraulic fluid filters.
Industrial/Environmental Filtration provides filtration products used in industrial and commercial processes, and infrastructures, such as air cleaners and antimicrobial treated filters.

See also

References

  1. ↑ Clarcor. "CLARCOR to Release First Quarter Financial Results on Wednesday, March 19, 2014". Wall Street Journal.
  2. ↑ Denise Allabaugh (4 March 2014). "Clarcor lays off 60 workers; plans to close Pittston Twp. plant". Citizen's Voice.
  3. ↑ "Parker-Hannifin's $4.3 Billion Purchase Deepens Filter Bet".
  4. ↑ "Parker Hannifin Completes CLARCOR Acquisition" (PDF).
  5. ↑ "CLARCOR COMPLETES ACQUISITION OF AIR FILTRATION BUSINESS FROM GE POWER & WATER".
  6. ↑ "Clarcor announces acquisition of modular engineering".
  7. ↑ "Clarcor acquires transweb" (PDF).
  8. ↑ "Clarcor announces acquisition of keddeg company" (PDF).
  9. ↑ "Clarcor completes merger of its facet operations with perry equipment corporation".
  10. ↑ "CLARCOR COMPLETES ACQUISITION OF MARTIN KURZ & CO., INC" (PDF).
  11. ↑ "CLARCOR Completes Acquisition of Niagara Screen Products Limited".
  12. ↑ "Mark IV sells filter unit to Clarcor for $144.8 million". New York Times. 14 September 1999.
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