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| Skinner Valve Div. Of Parker Hannifin Corp. is currently listed under the following categories: | ||
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| About Skinner Valve Div. Of Parker Hannifin Corp.: | |
| • 1957: Acquisition era is underway. With Hannifin comes new cylinder and valve products and a new corporate name: Parker Hannifin Corporation. • 1960: New International Division formed to market Parker products abroad. • 1964: Shares of Parker Hannifin stock are traded on the New York Stock Exchange for the first time. • 1966: Parker Hannifin enters Fortune 500 listing of top companies. • 1978: Parker strengthens its position in aerospace market with a large acquisition which lays the foundation for future leadership in flight controls, hydraulics, and fuel management systems. • 1983: Parker forms joint venture in China. • 1988: Marking its 70th anniversary, Parker makes seven acquisitions and exceeds $2 billion in sales. • 1918: Engineer-entrepreneur Arthur L. Parker founds the Company. • 1919: Truck accident destroys the young company's total inventory. Parker Appliance Company is bankrupt; founder returns to engineering post at Nickelplate Railroad Plant, but vows to start again. • 1924: Arthur Parker restarts the Company. Pneumatic/hydraulic components business succeeds, serving automotive and industrial customers. • 1927: Parker's reputation for producing reliable, high pressure connections leads aviator Charles Lindbergh to specify Parker fittings for the Spirit of St. Louis' historic first Atlantic crossing. • 1935: In the midst of the Depression, optimistic Arthur Parker buys a 450,000 square foot Cleveland auto plant from Hupp Motorcar Corp. to house his 38-employee Company. • 1943: Parker employs 5,000 Clevelanders, all in defense production. • 1945: Company founder Arthur Parker dies; World War II's end halts defense contracts. With no industrial business, the Company faces near liquidation. Founder's wife, Helen Parker, refuses to give up; hires new management which gradually rebuilds industrial business. • 1992: Parker globalizes its business by forming worldwide product groups. • 1997: Parker moves to brand new World Headquarters building in Mayfield Heights, Ohio; a suburb of Cleveland. • 2001: Parker has made 58 strategic acquisitions since the Company's founding. • 2002: Employing more than 48,000 people in 44 countries, Parker's annual sales exceed $6 billion. |
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