Cleveland-based industrial manufacturer Parker Hannifin recently completed the purchase of Eaton Corp.'s Aeroquip Air Conditioning and Refrigeration business for an undisclosed amount, effective Aug. 31, 2001.
The AC&R unit has annual revenues of about $75 million, more than 600 employees and a facility in New Haven, Ind. It produces mechanical controls and fluid systems for the residential and commercial air conditioning and refrigeration markets.