The Sherwin-Williams Company (NYSE:SHW) announced that its Board of Directors elected Thomas L. Williams to the Board, effective July 18. Williams also was appointed to the Compensation and Management Development Committee of the Board. Sherwin-Williams’ Board now consists of ten members, including nine independent directors. Williams, 64, currently serves as Executive Chairman of Parker-Hannifin Corporation […]
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. […]