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SK Capital completes acquisition of North America Composites & Fuel Containment Division from Parker Hannifin; rebrands as Axillon Aerospace

PRIVATENov 04, 2024

Acquiring Company

Noramco Group and Extractas Bioscience

Acquired Company

Parker-Hannifin Corporation

United StatesClevelandFinanceFintechManufacturingSoftwareAerospace

Description

SK Capital, a private investment firm, has successfully closed the acquisition of North America Composites & Fuel Containment Division from Parker Hannifin. The acquired division has been rebranded as Axillon Aerospace, a leading provider of engineered carbon fiber composite components and fuel containment solutions for the defense and commercial aerospace markets, generating annual sales of approximately $350 million.

Quick answer

Noramco Group and Extractas Bioscience is acquiring Parker-Hannifin Corporation, announced November 4, 2024. Noramco Group and Extractas Bioscience is based in United States.

How much did Noramco Group and Extractas Bioscience pay for Parker-Hannifin Corporation?
The deal value was not disclosed.
What does Noramco Group and Extractas Bioscience do?
Noramco Group is a prominent manufacturer of controlled substances and drug intermediates.
Where are Noramco Group and Extractas Bioscience and Parker-Hannifin Corporation based?
Noramco Group and Extractas Bioscience is based in United States. Parker-Hannifin Corporation is based in Cleveland, Ohio, United States.

Source: Fundz verified event record.

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Company Information

Company

Noramco Group and Extractas Bioscience

Location

United States

About

Noramco Group is a prominent manufacturer of controlled substances and drug intermediates. Extractas Bioscience specializes in the production of purified products. Both companies contribute high-quality manufacturing capabilities in the pharmaceutical sector.

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Frequently asked

Who acquired Parker-Hannifin Corporation?

Parker-Hannifin Corporation was acquired by Noramco Group and Extractas Bioscience, based in United States. The deal was reported on November 4, 2024. Noramco Group is a prominent manufacturer of controlled substances and drug intermediates. Extractas Bioscience specializes in the production of purified products. Noramco Group and Extractas Bioscience is privately held and operates in Finance.

When did Noramco Group and Extractas Bioscience acquire Parker-Hannifin Corporation?

Noramco Group and Extractas Bioscience's acquisition of Parker-Hannifin Corporation was reported on November 4, 2024. SK Capital, a private investment firm, has successfully closed the acquisition of North America Composites & Fuel Containment Division from Parker Hannifin. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Parker-Hannifin Corporation do?

Parker-Hannifin is a global leader in motion and control technologies. Established for over a century, the company enables engineering breakthroughs contributing to a better tomorrow. It is publicly traded (PH), operating in Manufacturing, and is based in Cleveland.

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