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Headquarters:
6035 Parkland Blvd. Website: http://www.parker.com Parker Hannifin Corporation is the world's leading manufacturer of motion and control technologies, providing systematic, precision-engineered solutions for a wide variety of commercial, industrial, and aerospace markets. The company has 263 plants in 46 countries with 8,200 distributors. In fiscal 2005, the company had revenues of $8.2 billion and net income of $604.6 million. History Engineer-entrepreneur Arthur Parker founds the company in 1918. After a truck accident led to the comapny's bankruptcy, Arthur Parker restarts the company in 1924. The pneumatic/hydraulic components business succeeds, serving automotive and industrial customers. In 1957, the Hannifin company is acquired, bringing new cylinder and valve products and a new corporate name: Parker Hannifin Corporation. Shares of the company would trade on the NYSE in 1964. Benefits Parker provides a wide range of employee benefits including retirement/401(k) plans, medical, dental and life insurance. Updated December 10, 2005 |