Parker sells industrial lubricants unit
Cleveland, OH -- Parker Hannifin Corporation has completed the divestiture of Wynn's Industrie, an industrial lubri...
Cleveland, OH — Parker Hannifin Corporation has completed the divestiture of Wynn’s Industrie, an industrial lubricants unit of the Wynn’s Specialty Chemicals business, to a subsidiary of Fuchs Petrolub AG. The divested unit, based in France, has annual revenues of approximately $29 million.
Parker noted it has retained all rights to the Wynn’s brand, reflecting the company’s continued ownership of Wynn’s Specialty Chemicals, a producer of high-performance chemicals for mobile and automotive applications.