Parker Hannifin buys medical seals manufacturer

Industrial Distribution staff -- Industrial Distribution, 4/7/2008 9:38:00 AM

The deal includes Hi-Tech Rubber Inc., Inland Technologies Inc., Ventrex Inc. and Accusil Inc., which operate under their own banners and under the trade names A.C. Hoffman Engineering and Infinity Plastics. Together the companies had sales of $93 million last year.

The Hi-Tech Group companies manufacture plastic and elastomeric components for medical devices such as intravenous equipment, drug infusion pumps, masks, septums, respirator hoses, catheters and diaphragms for the medical device OEM market. The companies also make components for non-medical pump valves, liquid control valves and other devices.

Parker said it will create a new medical systems division for the businesses within its Seal Group.

"The Hi-Tech Group companies will give us greater access to the medical device market space," Seal Group president Heinz Droxner said. "Parker has been a major supplier of seals for high tech applications in several strategic market segments for many years. These include the electronics, semiconductor, aerospace and life sciences market segments. With our capabilities to engineer innovative, high quality seals in high volume, our combined companies will have increased opportunities to provide value in the life sciences market."