Parker Hannifin Closing Some Facilities

Plants in California and Indiana are affected.

Chris Newmarker

Parker Hannifin, a diversified manufacturer of motion and control technologies and systems and a major medtech contract manufacturer, appears to be engaging in some reorganization and streamlining.

Over the next 18 months, the Cleveland-based company's Engineered Materials Group is closing Anaheim, CA, and Fontana, CA, facilities that are part of the company's medical systems division. The move is part of a reorganization that also includes several division consolidations, a service center consolidation, and construction of new manufacturing capacity in Mexico, according to a Parker Hannifin statement.

A company spokesman did not have numbers when it came to affected employees in California.

Meanwhile, Parker Hannifin's Sporlan Division announced in the past week that it will close its Precision Cooling Business Unit manufacturing operations in New Haven, IN, over the next 12 months.  The facility has roughly 150 employees. The manufacturing, which is not related to medical devices, will be transferred to other Parker facilities in Tennessee and Missouri.

Parker Hannifin has been reducing its headcount slightly in recent years. It had 58,400 employees in mid-2011; the number was down to 57,450 in mid-2014, according to annual reports filed with the SEC.

The company earned $837 million off $9.6 billion in sales during the nine months ended March 31, versus $740 million in profits off $9.7 billion in revenue for the same period a year before, according to its most recent quarterly SEC financial filing.

Chris Newmarker is senior editor of Qmed and MPMN. Follow him on Twitter at @newmarker.

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