# Parker-Hannifin to acquire filtration maker CLARCOR for $4.3 billion

Parker-Hannifin agreed to acquire CLARCOR, a Franklin, Tennessee filtration manufacturer, for $83.00 per share in cash. The deal values CLARCOR at about $4.3 billion including net debt.

- Type: Acquisition
- Announced: 2016-12-01
- Where: Franklin, Tennessee, United States
- Value: $4.30B
- Status: announced
- Products: industrial filtration products, mobile filtration products, environmental filtration products
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Parker-Hannifin](https://endata.com/companies/479.md) (acquirer)
- [CLARCOR](https://endata.com/companies/480.md) (target)

## Sources

- [investors.parker.com](https://investors.parker.com/news-events/press-releases/detail/171/parker-to-acquire-filtration-company-clarcor-in-a-strategic), 2016-12-01: "Parker will acquire CLARCOR for approximately $4.3 billion in cash, including the assumption of net debt."
- [sec.gov](https://www.sec.gov/Archives/edgar/data/20740/000119312516781628/d302905d8k.htm), 2016-12-01: "Pursuant to the terms of the Merger Agreement, at the Effective Time, each share of CLARCOR's common stock will be converted into the right to receive an amount in cash equal to $83.00 without interest."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.