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Parker buys Kenmore as expansion continues

Published: 31 October 2005 - 00:00
US MANUFACTURER Parker Hannifin continues on the expansion trail with the acquisition of Kenmore International from Lai Berg Holding A/S of Norway.
This latest acquisition follows the purchase of German industrial valve manufacturer Herl in August and the take-over of US manufacturer Sporlan Valve last year.

Kenmore's worldwide business which includes Kenmore KMP Ltd in Crook, Co Durham, and Virginia KMP in Brampton, South Yorkshire, achieved sales of approximately $110m in 2004.

As well as the UK, Kenmore operates facilities in Turkey, China, India and the US. employing more than 1,000 people in the design, manufacture domestic and commercial refrigeration components. Parker Hannifin is said to be particularly interested in Kenmore's condenser and evaporator design capabilities.


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