Parker Acquires Majority Stake In Taiyo Ltd.
In a move intended to strengthen its global capabilities in mobile and stationary hydraulic markets, Parker Hannifin Corp. has acquired a majority stake in in Taiyo Ltd.,
Taiyo posted revenues of approximately $208 million for its fiscal year ended March 2006. The company develops and manufactures a
broad range of products, including hydraulic and pneumatic
actuators, cylinders and specialized pneumatic products. Included in its portfolio are double and single-acting two stage cylinders for mobile equipment applications.
Taiyo has 875 employees and four facilities in
“This transaction dramatically strengthens our hydraulics business with a platform for growth serving