Parker reaches deal to acquire Lord Corp.

摘要

MAYFIELD HEIGHTS, Ohio—Parker Hannifin Corp. has taken a big, proactive step to get ahead of emerging trends in the aerospace and automotive industries. The firm has entered into a definitive agreement to acquire 100 percent of Lord Corp. for about $3.68 billion in cash, bringing into the fold a billion-dollar ad-hesives and thermal management manufacturer whose technology has a strong presence in aerospace and can be found on many global electric vehicle platforms.