Lorrie Paul Crum, vice president of corporate communications for Parker Hannifin, told the St. Louis Business Journal Monday the proposed acquisition is positive for both sides.
"We have no plans to do anything that would disrupt the great success (of Sporlan)," she said. "Sporlan is a good, solid Midwestern growing company," said Crum.
"Private companies want to know the company will respect their employment, their people and the success they've built and value the management team and the talent they have," she said. "We don't want to disrupt any of that. It will be business as usual, and we'll bring them what they need to grow it.
How many times have you read that BS, when a private company is bought out.
I'll bet the 600 employees, are just jumpin' and hootin' over their "great" luck.
"Obtenga el vasoline, nosotros somos jodidos."
Experience is what you have an hour after you need it.
We can only hope Sporlan improves Parker. Experience tells us that is unlikely though. When one company buys another the buyer usually wants to run things their way. After all their way is what got them where they are?
[Edited by frozensolid on 08-09-2004 at 09:03 PM]
A Diamond is just a piece of coal, that made good under pressure!
The big difference I see between the two is in purchasing, Sporlan I can only obtain thru the local wholesaler, where Parker I can obtain thru a warehouse style distributor, chances are my wholesaler would have to obtain thru the same Refrig. Components branch anyhow as they dont stock much for parts. If I need a large # of bigger application valves I can obtain them much faster with Parker. I rarely see problems with Parker valves, and prefer them in applications like holdback, bypass, differential. If I can buy a SPORT for $100.00 Can. or more less than an SORIT and need 15, I'll buy the SPORT.
Sporlan certainly owns the market( and rightly so) in TXV's and solenoids though. How many dollars involved in this deal?
Less choices will likely equal more $$'s for us though, or maybe give more options to purchase sporlan products?
Watts New, Ohm My, I been Electrically Commutated. Are U2.