Parker Hannifin Corp has acquired Hunter Mfg Co's Webb Enterprises Inc for an undisclosed amount.
Based in West Fargo ND, Webb has annual revenues of about $1.5 million and produces a line of fuel conditioning systems, heating systems, and lubrication and monitoring systems for diesel-powered heavy-duty trucks, off-road equipment, buses, fire trucks, and mining machinery.
“The Webb products bring a complementary offering to Parker, expanding both our range of filtration products and our complete, mobile systems capabilities to benefit our customers,” said John Oelslager, president of Parker's Filtration Group.
“As with many companies, Hunter Mfg has an ongoing effort to define the core business and this endeavor has resulted in our decision to divest the trucking-specific Webb product line,” said Vince Nardy, chief executive officer of Hunter. “I am confident that this will be a positive change for Parker and Hunter's fleet customers. Hunter will continue to focus on our core military businesses.”