PARKER acquisition Tan Tai - the acquisition broadens the product line and give Tan Tai broader global market


Hose manufacturing of M & A continues: Parker Hannifin Corporation (Parker Han-nifin Corp., Hereinafter referred to as "PARKER") has acquired Timor Tanzania Industries (. Titan In-dustries), the purchase price has not been made public.

In recent years, with manufacturing in North America hose, Eaton Corporation (Eaton Corp.) Acquisition have been a number of tube manufacturers, and this is the company PARKER. Eaton with the same company, PARKER is the company's headquarters in the city of Cleveland, PARKER in the market for the first time to buy a minor competitors.

The acquisition of this year on June 3, this acquisition expands the company's product line PARKER, PARKER and give the company access to new markets, many of the entrance, and Tan Tai Industries into the world's a part of this Tan Tai allow the acquisition of industrial companies to provide additional resellers hose products.

Tan Tai Industries president Todd Mackey, said: "I think this acquisition is that both sides in the products, customers and a great cultural marriage." Todd Mackey in Dili, Mr. Tan holds a small number of industrial stocks, and the Emperor of Tanzania Industries Chairman, Mr. Buddy Pepp has a majority of the remaining shares.

Tan Tai International is headquartered in the city of South Gate, California, last year's sales income is 28,000,000 U.S. dollars, plus the headquarters staff in Houston and the South Carolina State Law to Suoerzibo city employees, the total number was 150 People.

Tan Tai Industries industrial use of rubber production, customers and the development of synthetic hose, the hose for the transmission fluid and materials, as well as related products, services and accessories.

PARKER company believes that this acquisition will allow PARKER product sales growth, and enables companies have the opportunity to enter the navy, aircraft, food and fuel supply terminal and other markets.

PARKER said Tan Tai Industries to raise PARKER in the chemical, oil, aviation, cement, as well as material handling, and many other applications of strength.

PARKER will continue to integrate and Tan Tai PARKER's original production of industrial hose business, that the company's PARKER around the world to connect fluid group (Fluid Connectors Group), a division. Tanzania hopes to Dili industrial companies in the acquisition of the first annual revenue for the company.

PARKER's fluid connect the company's president Bob Bond said in a statement: "Timor Tanzania's hose in the industrial area of the market has been recognized as a market leader in Dili industrial Tanzania has a high-quality customer service and innovative .

I think that with Teijin PARKER Tanzania integration of the two teams, we guarantee to provide customers with the longest service life, reliable, high productivity and hose fittings.

Only a PARKER

Pepp and partner Ron Blair had in 1976 set up the Tan Tai Industries. Tanzania's operations in Dili of the first 20 years, Pepp has always been close to Mr Blair's silent partner.

When in 1999, Blair after the death of lung cancer as a result of President, Pepp Mr. Mackey to choose as his running mate, and unified management of the company.

Mr. Pepp, Tan Tai industry is a very successful operation of small companies, the company received a lot of door-to-door initiative of the purchase order.

Although he mentioned most of the industry's visit made it very strange that this one does Dili on Tanzania's real interest in the company, however, the two partners have never considered other companies, just the only company PARKER.

He said that with initial PARKER company is in contact with the National Association of hose and parts dealers (the NAHAD) in early April this year, held after the annual meeting, the two sides in the initial contact, within 45 days, the entire acquisition is complete .

Pepp, said "the most important thing is, PARKER is a world-class manufacturer."

"In order to operate long-term, PARKER is the right choice, we know PARKER in the establishment of a production organization has an impeccable record, and we are very satisfied."

Mackey also said that no other more appropriate company. He said "When we contacted the company with more PARKER further, we each with different levels of human exposure, the more we can understand that companies have good internal collaboration. This is the Tanzania Timor has been able to find the best partners Of. "

Although Tan Tai Industries in her own field of competition is an advantage, but does not provide the so-called Timor Tanzania's small tube, that is, the production out of the trachea and water pipes. In addition, Tanzania Timor does not have the production of woven wire and hydraulic hose pipe.

Mackey said: We do not have this type of product, so in the market, we are not a competitor. In the past, we did well, but if we do not have these products, we will not be able to break the ceiling in the way of progress.

Tan Tai Industries PARKER owner of the staff are impressive, PARKER think people are working on their own have great enthusiasm, PEPP, said: "I am really, I encountered at every PARKER The work of the people are very deep impression. "

PARKER company spokesman said, when we are ready to buy, we have been able to find those customers squeeze tube of the solution to the problem, "this type of professional experience is what we want."

The next step is what?

Pepp said that after the acquisition, PARKER will have a set of formal procedures are in place to integrate the company, such as brands, and so on. Tan Tai in the market, the company has about 15 different brands.

PARKER will assess the branding in the market positioning, Tanzania to assess Dili name in the market value, as well as the name PARKER value.

After the merger, the integration agenda, and a very important issue in deciding who is where, and who should retain this position. PARKER spokesman said: "The Emperor Tanzania with its previous acquisitions, we have a completely different", PARKER employees and the company will not make any production facilities on reservations.

The spokesman, the company PARKER, 8, a large section of the business, set up under the 125 business units, all of the actual business units are operating in the legal qualifications of all PARKER use of the name.

Pepp and Mr. Mackey said that the acquisition agreement states that Tan Tai staff would be retained, so they do not have to PARKER on such a large-scale enterprises have any worries and concerns.

Pepp to tell President said: "Our sales have reached 28,000,000 U.S. dollars, we have the whole industrial hose occupies an important share of the market, we do not have annual sales of 10,000,000,000 U.S. dollars of the company have any concerns, they can provide us with more Resources, and these resources in our own operation, can not be obtained. "

Mackey also said that the management of a small company not only has brought challenges and rewards of my colleagues, he and his staff Tanzania Timor want to have a chance to develop PARKER group.

He said: "PARKER company gives us the resources to give us a great opportunity to improve my skills, I can give rise to another level at work."

Both Tan Tai's owner said that from their customers and their employees response, it was generally supportive.

Pepp said that his 67-year-old, but in the future there is no retirement plan.

"When I think of this company will operate as a whole to another level, and will continue to be raised to a higher level, I am very excited." "I would like to see the next part of this PARKER be 1 to 1.5 billion dollars in sales in PARKER's leadership, I think this is possible."