CLEVELAND, OH -- Parker Hannifin announced that it has acquired Filtran Aftermarket Products, Inc. (FAP) of Miami Lakes, FL, a supplier of aftermarket components used in the rebuilding of automotive transmissions, from SPX Corp. for an undisclosed sum. FAP had revenues of $33 million in 2004. The acquisition will be integrated as part of Parker's Seal Group and is expected to be accretive to earnings within its first full year of operation.
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