The sale of LORD Corporation, the century-old, privately-held manufacturing company, to Parker-Hannifin has led to the distribution of more than $1 billion to four charitable foundations that support institutions seeking to advance education and research. Cleveland Clinic, Duke University, the Massachusetts Institute of Technology (MIT) and the University of Southern California (USC) will benefit from […]
Parker Hannifin Completes LORD Acquisition
Parker Hannifin Corporation (NYSE:PH) announced yesterday it completed its acquisition of LORD Corporation for approximately $3.675 billion in cash that was announced in April. The strategic transaction creates a combined organization with strong materials science capabilities, electrification and aerospace product offerings that are highly complementary. According to the company, the acquisitions will significantly expand Parker’s […]
Parker-Hannifin to Acquire Lord Corporation
$3.6 Billion transaction expands Parker’s engineered materials business. Parker Hannifin Corporation (NYSE:PH) today announced that it will acquire Fusor adhesive manufacturer Lord Corporation for approximately $3.675 billion in cash. The transaction has been approved by the Board of Directors of each company and is subject to customary closing conditions, including receipt of applicable regulatory approvals. […]
Lord Corporation Reported Exploring Possible $3 Billion Sale
According to a report by Bloomberg, Lord Corporation, the manufacturer of Fusor-brand adhesives and sealants used in the collision repair industry, is exploring a sale that the publication reported could value the company at as much $3 billion. In January, the Cary, N.C.-based company announced it had achieved $1 billion in annual sales for the […]
LORD Corporation Becomes a $1 Billion Company
LORD Corporation announced it has achieved $1 billion in sales in 2018. “Becoming a $1 billion company is a significant milestone for LORD. We appreciate the collaborative relationships we have with our customers and partners – relationships that have enabled us to achieve new heights,” said Ed Auslander, President and CEO, LORD Corporation. “Every team […]
LORD Corporation Invests $80 Million in Pennsylvania Plant Expansion
LORD Corporation has announced plans to expand and upgrade operations at its Saegertown, Pa. facility. An anticipated $80 million investment over the next five years, the project will support future expansion across various LORD adhesive and coating product lines, and provide overall modernization of the Saegertown facility. “Following a rigorous national site selection process, the […]
Lord Corporation Sponsors Collision Repair Education Foundation Helicopter Ball Drop
LORD Corporation, maker of Fusor Aftermarket Repair Adhesives, is once again sponsoring the Collision Repair Education Foundation (CREF) Annual Helicopter Golf Ball Drop. The Ball Drop will take place at the Foundation’s golf outing that will be held on Monday, July 24 from 2-7 p.m. at the Harborside International Golf Center in Chicago in conjunction […]
Lord Corp Announces Exclusive Distribution Agreement with Saint-Gobain
LORD Corporation, maker of Fusor brand adhesives used in the collision repair market, has entered into an exclusive distribution relationship with Saint-Gobain to bring Fusor Aftermarket Repair Adhesives to the North American collision repair industry as a member of the Refinish Solutions Group. As a part of the agreement, Fusor will now be part of […]
LORD Donates Products and Equipment to Schools through Collision Repair Education Foundation
LORD Corporation, maker of LORD Fusor Automotive Repair Adhesives, has donated products and equipment to 13 schools in support of the Collision Repair Education Foundation’s (CREF) Gift-in-Kind program. The Gift-in-Kind program accepts donations from industry partners to benefit collision schools, students and instructors. Donations of tools, equipment, technology, and materials are distributed to qualified collision […]