Clarcor
{{Short description|Former American filtration system and packaging manufacturer}}
{{Infobox company
| name = CLARCOR Inc.
| logo = File:Clarcor_logo.png
| type = Public
| location = Franklin, Tennessee
| key_people = Christopher L. Conway
({{small| Chief Executive Officer and Chairman}})
David J. Fallon
({{small| Chief Financial Officer, Chief Accounting Officer}})(Dec 31, 2013 )
David Lindsay
({{small| Chief Administrative Officer}})
| industry = Filtration Engines
Membranes Gas Turbines
Valves Hydraulics
| num_employees = 5,267 ((March 2014))
| divisions = Engine/Mobil
Industrial/Environmental
| parent =
| foundation = 1904
| defunct = 2017
| fate = Acquired by Parker Hannifin
| homepage = [https://web.archive.org/web/20140309052245/http://www.clarcor.com/ Clarcor Inc.]
}}
CLARCOR Inc. was a manufacturer of filtration systems and packaging materials based in Franklin, Tennessee.{{cite news | url = https://www.wsj.com/article/PR-CO-20140305-912985.html | title = CLARCOR to Release First Quarter Financial Results on Wednesday, March 19, 2014 | author = Clarcor | publisher = Wall Street Journal}} founded in Rockford, Illinois as JL Clark Manufacturing Co. by John Lewis Clark in 1904. It had approximately 30 manufacturing and distribution sites in the United States.{{cite news | url = http://citizensvoice.com/news/clarcor-lays-off-60-workers-plans-to-close-pittston-twp-plant-1.1644568 | title = Clarcor lays off 60 workers; plans to close Pittston Twp. plant | publisher = Citizen's Voice | author = Denise Allabaugh | date = 4 March 2014}}
There were mainly two segments operating in the company: Engine/Mobile Filtration (providing air, fuel, transmission, and hydraulic fluid filters for engines, as well as dust collection cartridges), and Industrial/Environmental Filtration (providing filters for industrial process, pharmaceutical processes).
Acquisitions and divestitures
In 1999, CLARCOR bought the companies Purolator Products Air Filtration Company, Facet International, and Purolator-Facet Filter Products from Mark IV for USD $144.8 million. All three companies were former subsidiaries of Purolator Products and were related to the manufacture and sale of industrial filtration equipment.{{cite news | url = https://www.nytimes.com/1999/09/14/business/company-news-mark-iv-sells-filter-unit-to-clarcor-for-144.8-million.html?ref=clarcorinc | title = Mark IV sells filter unit to Clarcor for $144.8 million.| work = New York Times | date = 14 September 1999}}
In March 2005, the company completed the acquisition of Niagara Screen Products Limited, a manufacturer of woven wire and metallic screening and filtration products.{{cite web |url=http://www.thefreelibrary.com/CLARCOR+Completes+Acquisition+of+Niagara+Screen+Products+Limited.-a0132588494|title=CLARCOR Completes Acquisition of Niagara Screen Products Limited.}}
In November 2005, CLARCOR completed the acquisition of Martin Kurz & Co., Inc. a producer of sintered porous metal laminates used in screening and filtration products, part of CLARCOR's Purolator Advanced Filtration Group.{{cite web |url= http://www.clarcor.com/media/press20051102A.pdf|title= CLARCOR COMPLETES ACQUISITION OF MARTIN KURZ & CO., INC.}}
In December 2007, the company completed the acquisition of Perry Equipment Corporation ("Peco"), a producer of engineered filtration, and merged with CLARCOR’s Facet operations with about $163 million.{{cite web |url= http://www.thefreelibrary.com/CLARCOR+Completes+Merger+of+Its+Facet+Operations+with+Perry+Equipment...-a0172033446|title= Clarcor completes merger of its facet operations with perry equipment corporation}}
In December 2008, CLARCOR completed the acquisition of Keddeg Company, a producer of aviation filtration, part of CLARCOR's Purolator Advanced Filtration Group.{{cite web |url= http://www.clarcor.com/media/press20081229.pdf|title= Clarcor announces acquisition of keddeg company}}
In January 2011, the company completed the acquisition of TransWeb, LLC, a filtration media supplier.{{cite web |url= http://www.clarcor.com/press/media/press20110111.pdf|title= Clarcor acquires transweb}}
In May 2012, CLARCOR completed the acquisition of Modular Engineering Pty Ltd., part of CLARCOR's PECOFacet division, for its famous natural gas filtration products.{{cite web |url= https://www.reuters.com/article/2012/05/11/idUS29447+11-May-2012+BW20120511|archive-url= https://web.archive.org/web/20140305183617/http://www.reuters.com/article/2012/05/11/idUS29447+11-May-2012+BW20120511|url-status= dead|archive-date= 2014-03-05|title= Clarcor announces acquisition of modular engineering|website= Reuters}}
In December 2013, the company acquired the Bekaert Advanced Filtration business from NV Bekaert SA.
Also in December, the company completed the acquisition of the Air Filtration business of General Electric Company's Power & Water division, adding BHA and ALTAIR air filtration products.{{cite press release |url= http://www.businesswire.com/news/home/20131216006471/en/CLARCOR-Completes-Acquisition-Air-Filtration-Business-GE#.UxdAB7Ls4ns|title= CLARCOR COMPLETES ACQUISITION OF AIR FILTRATION BUSINESS FROM GE POWER & WATER|date= 16 December 2013}}
In June 2015, CLARCOR announced the sale of its packaging subsidiary, J.L. Clark, to Chicago-based CC Industries, Inc.
In December 2016, Parker Hannifin entered into a definitive agreement to acquire CLARCOR for approximately $4.3 billion in cash.{{cite news |url=https://www.bloomberg.com/news/articles/2016-12-01/parker-hannifin-agrees-to-acquire-clarcor-for-4-3-billion |title=Parker-Hannifin's $4.3 Billion Purchase Deepens Filter Bet|website=Bloomberg News |date=December 2016 }} The acquisition was completed on February 28, 2017.{{cite web |url=http://www.clarcor.com/press/media/press20170228.pdf |title=Parker Hannifin Completes CLARCOR Acquisition}}
Products and services
Engine/Mobile Filtration provides filtration products for engines used in stationary power generation and mobile, industrial, and agricultural equipment, such as air, fuel, hydraulic fluid filters.
Industrial/Environmental Filtration provides filtration products used in industrial and commercial processes, and infrastructures, such as air cleaners and antimicrobial treated filters.
References
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{{DEFAULTSORT:Clarcor}}
Category:Companies based in Franklin, Tennessee
Category:2017 mergers and acquisitions
Category:Manufacturing companies established in 1904
Category:Companies formerly listed on the New York Stock Exchange
Category:1904 establishments in Illinois