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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's products are vital to everything that moves or requires control, including the manufacture and processing of raw materials, durable goods, infrastructure development and all forms of transport. Parker has over 300 manufacturing locations worldwide and over 59,000 employees in 48 countries. In fiscal 2012, the company reported revenues of $13.1 billion and net income of $1.15 billion. 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 January 19, 2013 |