News

Parker Acquires Medical Gas Delivery Product Line,
Expanding its Dental/Medical Equipment Offering

CLEVELAND, November 4, 2008 - Parker Hannifin Corporation (NYSE: PH), the global leader in motion and control technology, today announced that it has completed the purchase of Matrx nitrous oxide delivery systems from the Midmark Corporation. The new line will allow Parker to expand its geographic market space for dental nitrous systems to global markets outside its current North American base of operations. The product line will be relocated from Midmark's Orchard Park, NY facility to Parker's Porter Instrument Division in Hatfield, PA, and will become a part of Porter's operations with revenue reported within the Industrial North America segment. Midmark's sales of the Matrx product line in its most recent fiscal year were approximately $7 million. Terms of the agreement were not disclosed.

The Matrx nitrous oxide delivery system includes digital flowmeters, manifold systems, standard analog flowmeters and breathing circuits. "The Matrx product line broadens our offering in the dental equipment market and enables Parker to offer products uniquely designed for oral surgery and cosmetic markets," said John Greco, President of Parker's Instrumentation Group. "These products enhance Porter's range of solutions to satisfy varying customer requirements. This transaction demonstrates Parker's continuing expansion in high-growth markets.

"We are confident Parker's Porter Instrument Division will seamlessly integrate this product line into their existing operations. Satisfying the needs of our mutual customers during this transition will be the goal of both companies," said Eric Shirley, General Manager of Midmark's Dental Division.

With annual sales exceeding $12 billion, Parker Hannifin is the world's leading diversified manufacturer of motion and control technologies and systems, providing precision-engineered solutions for a wide variety of mobile, industrial and aerospace markets. The company employs approximately 62,000 people in 48 countries around the world. Parker has increased its annual dividends paid to shareholders for 52 consecutive years, among the top five longest-running dividend-increase records in the S&P 500 index. For more information, visit the company's web site at http://www.parker.com, or its investor information site at http://www.phstock.com.

 

Events

2018 Dental/Medical Meeting Summary


NDC Dental Meeting: Jan 18 - 20
Austin, TX

 

Yankee Dental Meeting: Jan 26 - 28
Boston, MA

 

AADGP Dental Meeting: Feb 1 - 4
Las Vegas, NV

 

Chicago Dental Meeting: Feb 23 - 25
Chicago, IL

 

CSPD Dental Meeting: Mar 16 - 18
Las Vegas, NV

 

Hinman Dental Meeting: Mar 23 - 25
Atlanta, GA

 

AAE Dental Meeting: Apr 26 - 29
New Orleans

 

CDA Dental Meeting: May 4 - 6
Anaheim, CA

 

AAPD Dental Meeting: May 25 - 28
Washington, DC

 

CDA Dental Meeting: Aug 24 - 26
San Francisco, CA

 

AAOMS Dental Meeting: Oct 7 - 13
Orlando, FL

 

ADA Dental Meeting: Oct 19 - 21
Atlanta, GA

 

Greater New York Dental Meeting: Nov 24 - 29
New York

 

 

Request Information

Get prompt assistance on a Porter Instrument flow product or application challenge.

Get A Quote

Need pricing on a specific or custom Porter Instrument?

Locate A Representative

Use our Rep Locator to find the appropriate representative for your area.