Parker Hannifin Divests Remainder of Wynn Oil Business to Illinois Tool Works

Parker Hannifin Corp. announced today it has sold its Wynn Oil automotive specialty chemicals business unit to Illinois Tool Works Inc. (ITW) for an undisclosed amount. The business has annual revenues of approximately $110 million. Based in California, Wynn Oil develops and manufactures chemical car care products and maintenance equipment for the automotive industry. The business was acquired with Parker's July 2000 purchase of Wynn's International, a leading producer of seals and sealing compounds.

CLEVELAND — Parker Hannifin Corp. announced today it has sold its Wynn Oil automotive specialty chemicals business unit to Illinois Tool Works Inc. (ITW) for an undisclosed amount. The business has annual revenues of approximately $110 million.

Based in California, Wynn Oil develops and manufactures chemical car care products and maintenance equipment for the automotive industry. The business was acquired with Parker’s July 2000 purchase of Wynn’s International, a leading producer of seals and sealing compounds.

ITW is a diversified manufacturer of highly engineered components and industrial systems with $10 billion in revenues. The company consists of approximately 625 decentralized operations in 44 countries and employs some 47,500 people.

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