Parker acquires EmiTherm in Kuala Lumpur, Malaysia

Parker Hannifin Corporation has announced the acquisition of EmiTherm Sdn Bhd, a provider of electromagnetic interference (EMI) shielding and thermal management products. Revenues of the acquired business were approximately $4.2 million in 2007. Earnings are expected to be accretive to Parker in the first full year and will be reported within the Industrial International segment. Terms of the transaction were not disclosed. Founded in 1996 by Roger Chua, EmiTherm is headquartered in Shah Alam, Malaysia. EmiTherm manufactures EMI shielding materials such as dispensed form-in-place, molded and extruded conductive gaskets, and is a converter of thermal materials, serving electronics manufacturers throughout Malaysia and the ASEAN region. EmiTherm will be integrated into the Chomerics Asia-Pacific Division, a unit of Parker''s global Seal Group. Heinz Droxner, President of Parker''s Seal Group, commented, "EmiTherm enjoys a strategic footprint in Malaysia, enabling us to effectively serve our customers throughout the region. The acquisition of EmiTherm provides us with strategic advantage in this vital electronics manufacturing region, offering global customers access to products and efficient supply chain management." Roger Chua, founder of EmiTherm remarked, "The acquisition of EmiTherm by Parker provides our customers, employees, and many valued business partners the benefits of a world class company with resources committed to providing innovative EMI shielding and thermal material solutions in the many markets we accommodate."