Park-Ohio acquires Fluid Routing Solutions
Park-Ohio Industries Inc. has completed the acquisition of Fluid Routing Solutions Inc, a manufacturer of industrial hose products and fuel filler and hydraulic fluid assemblies.
FRS products include fuel filler, hydraulic, and thermoplastic assemblies and several forms of manufactured hose including bulk and formed fuel, power steering, transmission oil cooling, hydraulic, and thermoplastic hose. FRS sells to automotive and industrial customers throughout North America, Europe, and Asia. FRS has five production facilities located in Florida, Michigan, Ohio, Tennessee, and the Czech Republic.
With over 950 employees, FRS achieved revenues of approximately $190 million, for the trailing twelve months ended Jan. 31, 2012. The transaction will be immediately accretive to earnings.
INDUSTRIAL SUPPLY MAGAZINE
The May/June issue of Industrial Supply magazine features an in-depth cover story about GHX Industrial. Plus, we're featuring articles by contributing writers Dr. Bharani Nagarathnam and Frank Hurtte, as well as interviews with numerous product and distribution industry experts.
