Buying filters

Parker Hannifin has made a cash offer to buy the UK-based filtration and separation group Domnick Hunter.

The offer is subject to certain regulatory approvals in the US and Europe as well as the acceptance of Domnick Hunter’s shareholders.

The directors of Domnick Hunter have recommended that all Domnick Hunter shareholders accept the offer, which is also supported by Domnick Hunter senior management.

Currently traded on the London Stock Exchange, Domnick Hunter, founded in 1963, is an international group of companies specializing in the design and manufacture of filtration, separation, and purification products and technologies for a wide range of markets.

The Durham, UK-based Domnick Hunter Group employs over 1,900 people who will become part of Parker's Filtration Group.

The Group had 2004 revenues of approximately $280 million.

The deal is expected to close in the autumn.