Lord Corporation

Gorman-Rupp Announces Charmaine R. Riggins Elected as New Director

Retrieved on: 
Friday, April 28, 2023
Engineering, Chemicals, Plastics, Other Energy, Manufacturing, Oil, Gas, Other Construction & Property, Energy, Construction & Property, Building Systems, Mining, Minerals, Agriculture, Natural Resources, Other Manufacturing, Steel, Petroleum, Gorman-Rupp Company, GRC, Marketing, Lord Corporation, HVAC, Annual general meeting, Air conditioning, Heat, Professional Football Compensation Committee, NYSE, Compensated emancipation, Management, Shareholder

Charmaine R. Riggins, age 50, is the Chief Executive Officer of Loparex, LLC Company, a global company that designs, manufactures and sells release film liners.

Key Points: 
  • Charmaine R. Riggins, age 50, is the Chief Executive Officer of Loparex, LLC Company, a global company that designs, manufactures and sells release film liners.
  • Ms. Riggins joined Loparex in April 2021 as Chief Talent and Culture Officer and was named CEO in January 2022.
  • Ms. Harlan, Lead Independent Director of the Gorman-Rupp Board commented, “We are delighted that Charmaine is joining our Board of Directors.
  • “In addition to welcoming Charmaine, we also want to thank Rick for his 20 years of service as a Director on our Board.

Thermal Management Global Market Report 2023: North American Market is Estimated to Grow at Second-Highest CAGR During Forecast Period - ResearchAndMarkets.com

Retrieved on: 
Monday, January 30, 2023
Other Energy, Energy, Transfer, Investment, Electronics, Computer, Air conditioning, CO2, Region, Ecosystem, HVAC, Temperature, Heat, Honeywell, Vehicle registration plates of Nepal, USD, Absorption, EVS, Lord Corporation, Growth, Tablet, Ventilation, Heating, ventilation, and air conditioning, Printed circuit board, Calibration

The global thermal management market was valued at USD 10.7 billion in 2022 and is projected to reach USD 19.3 billion by 2028, registering a CAGR of 9.7% from 2023 to 2028.

Key Points: 
  • The global thermal management market was valued at USD 10.7 billion in 2022 and is projected to reach USD 19.3 billion by 2028, registering a CAGR of 9.7% from 2023 to 2028.
  • The non-adhesive materials segment is expected to record the highest CAGR of 9.8% during the forecast period.
  • The advanced cooling devices segment is anticipated to record the highest CAGR of 12.8% during the forecast period.
  • The North American market is expected to grow at the second-highest CAGR of 8.1% during the forecast period.

Parker Completes Sale of Aircraft Wheel and Brake Division to Kaman

Retrieved on: 
Monday, September 19, 2022
Aircraft, Meggitt, Earthquake, BTR Aerospace Group, Engineering, COVID-19, Parker Hannifin, Terrorism, NYSE, Metal, Accident, European Commission, Acquisition, Compliance, Growth, Foundation, Pandemic, Forward-looking statement, Risk, Exotic, Flood, Kaman Corporation, Annual report, Pacific typhoon season, Motion, Insurance, GLOBE, Royal commission, SEC, Lord Corporation, Citigroup, Management, Risk management, Parker

Kaman, headquartered in Bloomfield, Connecticut, is a leading manufacturer of components and materials for aerospace and defense, industrial and medical markets.

Key Points: 
  • Kaman, headquartered in Bloomfield, Connecticut, is a leading manufacturer of components and materials for aerospace and defense, industrial and medical markets.
  • As previously announced, the European Commission cleared Parkers acquisition of Meggitt PLC (Meggitt), conditional on full compliance with the commitments offered by Parker, including the divestment of Parkers Aircraft Wheel and Brake Division.
  • Parkers Aircraft Wheel and Brake Division is a leading manufacturer of aircraft wheel and brake systems and related hydraulic products for general aviation, business aviation, rotorcraft, and military aircraft markets with annual sales of approximately $70 million.
  • Kaman is a strategic buyer for the Aircraft Wheel & Brake Division, said Roger Sherrard, Vice President and President of Parker's Aerospace Group.

Parker Completes Acquisition of Meggitt PLC

Retrieved on: 
Tuesday, September 13, 2022
Meggitt, Earthquake, Engineering, COVID-19, Aircraft, Terrorism, Metal, Accident, Acquisition, Compliance, Industry, Pandemic, Forward-looking statement, Risk, United Kingdom, Technology, Exotic, Flood, Solution, Annual report, Pacific typhoon season, Motion, Insurance, GLOBE, SEC, Parker Hannifin, Webcast, Lord Corporation, Risk management, Management, Parker

This acquisition continues the transformation of Parkers portfolio with greater exposure to longer cycle, more resilient businesses that are well positioned for secular growth trends.

Key Points: 
  • This acquisition continues the transformation of Parkers portfolio with greater exposure to longer cycle, more resilient businesses that are well positioned for secular growth trends.
  • Roger Sherrard, President of Parkers Aerospace Group, added, Parker has great respect for Meggitt, its heritage and its place in British industry.
  • The combination of Parker and Meggitt is exciting for both companies and provides our customers with a broad array of solutions for the global aerospace industry.
  • NOTICE OF CONFERENCE CALL: Parker Hannifin will host a conference call and slide presentation to discuss its acquisition of Meggitt PLC and its impact on its fiscal 2023 financial outlook via live webcast on September 28, 2022 at 11:00 a.m.

Parker Elects Rachid Bendali as Vice President and President - Engineered Materials Group

Retrieved on: 
Tuesday, August 2, 2022
Motion, University, Specialization, GLOBE, Defense, Parker Hannifin, Lord Corporation, Vibration, NYSE, University of North Carolina at Charlotte, Small Business Saturday, Marketing, Board, General manager, Business administration, Master of Business Administration, Director, Business development, Mechanical, Transport, Atmosphere, Engineering, LORD, Management, Parker, Noise, Science, Operation

CLEVELAND, Aug. 02, 2022 (GLOBE NEWSWIRE) -- Parker Hannifin Corporation (NYSE:PH), the global leader in motion and control technologies, today announced that Rachid Bendali, currently Vice President, Operations for the Engineered Materials Group, has been elected by the Board of Directors as Vice President and President Engineered Materials Group.

Key Points: 
  • CLEVELAND, Aug. 02, 2022 (GLOBE NEWSWIRE) -- Parker Hannifin Corporation (NYSE:PH), the global leader in motion and control technologies, today announced that Rachid Bendali, currently Vice President, Operations for the Engineered Materials Group, has been elected by the Board of Directors as Vice President and President Engineered Materials Group.
  • Rachids demonstrated operational leadership and international experiences with LORD Corporation, and more recently within Parker, will serve him well in this critical role leading our Engineered Materials Group.
  • Bendali began his career in 1998 with LORD Corporation at its Erie, Pennsylvania location as an engineering co-op.
  • In September 2021, he was named Vice President of Operations for the Engineered Materials Group with responsibility for multiple divisions.

Parker Announces Retirement of Andrew M. Weeks, Vice President and President - Engineered Materials Group

Retrieved on: 
Thursday, July 28, 2022
Pneumatics, Motion, Pakistan Library Automation Group, GLOBE, BTR Aerospace Group, Parker Hannifin, Lord Corporation, NYSE, Leadership, Engineering, Growth, Electromechanics, Management, Parker, Operation

CLEVELAND, July 28, 2022 (GLOBE NEWSWIRE) -- Parker Hannifin Corporation (NYSE:PH), the global leader in motion and control technologies, today announced that Andrew M. Weeks, Vice President and President Engineered Materials Group, will retire effective August 31, 2022.

Key Points: 
  • CLEVELAND, July 28, 2022 (GLOBE NEWSWIRE) -- Parker Hannifin Corporation (NYSE:PH), the global leader in motion and control technologies, today announced that Andrew M. Weeks, Vice President and President Engineered Materials Group, will retire effective August 31, 2022.
  • Weeks led the Engineered Materials Group through a period of substantial change driven by Parkers Acquisition of LORD Corporation in 2019, which doubled the size of the group.
  • He was named Vice President and President - Hydraulics Group in September 2015 and became Vice President and President - Motion Systems Group in 2017, when the Hydraulics Group merged with the Pneumatics and Electromechanical businesses of the Automation Group.
  • He joined Parker in 2013 as Vice President of Operations for the Aerospace Group after many years of leadership experience in the aerospace industry.

Parker Confirms UK Government’s Approval of the Meggitt Acquisition

Retrieved on: 
Tuesday, July 19, 2022
SEC, Secretary of State for Business, Energy and Industrial Strategy, Parker Hannifin, Business, Government, Exotic, Human resource policies, Meggitt, Engineering, GLOBE, Failure, Carbon, Forward-looking statement, NYSE, High Court, Risk, Insurance, Terrorism, HM, Motion, Accident, Pandemic, Government of the United Kingdom, Flood, COVID-19, Contract, Metal, Earthquake, Lord Corporation, Annual report, UK Government Decontamination Service, Compliance, Pacific typhoon season, High Court of Justice, Justice, Renewable energy, Risk management, State, Acquisition, Parker

As previously announced on August 2, 2021, the boards of Meggitt and Parker reached agreement on the terms and conditions of a recommended all cash acquisition by Parker of the entire issued, and to be issued, ordinary share capital of Meggitt PLC (the Acquisition).

Key Points: 
  • As previously announced on August 2, 2021, the boards of Meggitt and Parker reached agreement on the terms and conditions of a recommended all cash acquisition by Parker of the entire issued, and to be issued, ordinary share capital of Meggitt PLC (the Acquisition).
  • Parker also confirms that it has signed legally binding economic commitments with the UK Government.
  • Finally, as innovation is a key driving factor of success for both Meggitt and Parker, Parker has agreed to increase Meggitts R&D expenditure in the UK by at least 40 per cent, by the end of the Undertaking Period, and its UK apprenticeship opportunities by 20 per cent.
  • As we move closer to the completion of the acquisition and the combination of these two strong businesses, we look forward to welcoming the Meggitt team to Parker.

Parker Announces Update on UK Regulatory Clearances Related to Meggitt Acquisition

Retrieved on: 
Tuesday, June 28, 2022
Insurance, Review, Acquisition, Annual report, Justice, Parker Hannifin, Business, Human resource policies, Engineering, GLOBE, Government, Pandemic, High Court, COVID-19, Failure, Accident, Flood, Metal, Compliance, Pacific typhoon season, UK Government Decontamination Service, Terrorism, Earthquake, Exotic, BST, Lord Corporation, NYSE, Secretary of State for Business, Energy and Industrial Strategy, SEC, Meggitt, State, Risk, Condition, High Court of Justice, Forward-looking statement, Motion, Management, Risk management, Parker

As previously announced on August 2, 2021, the boards of Meggitt and Parker reached agreement on the terms and conditions of a recommended all cash acquisition by Parker of the entire issued, and to be issued, ordinary share capital of Meggitt PLC (the Acquisition).

Key Points: 
  • As previously announced on August 2, 2021, the boards of Meggitt and Parker reached agreement on the terms and conditions of a recommended all cash acquisition by Parker of the entire issued, and to be issued, ordinary share capital of Meggitt PLC (the Acquisition).
  • This decision is now subject to a public consultation period, which is due to end at23:45 (BST)on July 13, 2022.
  • Subject to this consultation, the UK Secretary of State will be in a position to approve the Acquisition without further review.
  • The combination of Parker and Meggitt is an exciting opportunity for both companies and we look forward to welcoming Meggitt to the Parker team, said Tom Williams, Chairman and Chief Executive Officer.

$117.93 Billion Aerospace Coatings Markets by Resin Type, Technology User Type, End Use Industry, Application - Global Opportunity Analysis and Industry Forecast, 2022 - 2030 - ResearchAndMarkets.com

Retrieved on: 
Tuesday, June 21, 2022
Aerospace, Manufacturing, CAGR, Parker Hannifin, Industry, Aircraft, Carbon, Lord Corporation, Temperature, Lists of countries and territories, Air travel, Growth, USD, Investment, Corrosion, Vibration, Acquisition, Humidity, Airport, Motion, Parker, Sale, Adhesive, Airline

The "Aerospace Coatings Market by Resin Type, Technology User Type , End Use Industry , Application - Global Opportunity Analysis and Industry Forecast, 2022 - 2030" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Aerospace Coatings Market by Resin Type, Technology User Type , End Use Industry , Application - Global Opportunity Analysis and Industry Forecast, 2022 - 2030" report has been added to ResearchAndMarkets.com's offering.
  • The global aerospace coatings market held a volumetric sale of 684.6 kilotons in 2021 that is expected to level-up up to 1137.8 kilotons by 2030, with a CAGR of 5.7% from 2022-2030.
  • The global aerospace coatings market is in a bloom, owing to the ever-increasing travel and global trades.
  • The cutting-edge product launches, facility expansions and collaborations among the market players are taking the global aerospace coatings market to new heights.

Parker Signs Agreement to Divest Aircraft Wheel and Brake Division to Kaman

Retrieved on: 
Monday, May 23, 2022
Aircraft, Public Utility Holding Company Act of 1935, Royal commission, Lord Corporation, Engineering, U.S. Department of Justice Office of Legislative Affairs, BTR Aerospace Group, Flood, Citigroup, Terrorism, European Commission, Parker Hannifin, Metal, Meggitt, Insurance, Companies Act, Review, Justice, COVID-19, Failure, Energy, Human resource policies, Condition, Court, U.S. Department of Defense Strategy for Operating in Cyberspace, Accident, Pandemic, Compliance, Forward-looking statement, Motion, Foundation, Risk, Pacific typhoon season, Earthquake, Kaman Corporation, Exotic, Acquisition, SEC, Growth, Business, NYSE, Annual report, GLOBE, Management, Risk management, Parker

CLEVELAND, May 23, 2022 (GLOBE NEWSWIRE) -- Parker-Hannifin Corporation (NYSE: PH, Parker), the global leader in motion and control technologies, today announced that it has signed an agreement to divest its Aircraft Wheel and Brake Division, located in Avon, Ohio, in the United States, to Kaman Corporation (NYSE: KAMN).

Key Points: 
  • CLEVELAND, May 23, 2022 (GLOBE NEWSWIRE) -- Parker-Hannifin Corporation (NYSE: PH, Parker), the global leader in motion and control technologies, today announced that it has signed an agreement to divest its Aircraft Wheel and Brake Division, located in Avon, Ohio, in the United States, to Kaman Corporation (NYSE: KAMN).
  • As previously announced, the European Commission cleared Parkers acquisition of Meggitt PLC (Meggitt), conditional on full compliance with the commitments offered by Parker, including the divestment of Parkers Aircraft Wheel and Brake Division.
  • Parkers Aircraft Wheel and Brake Division is a leading manufacturer of aircraft wheel and brake systems and related hydraulic products for general aviation, business aviation, rotorcraft, and military aircraft markets with annual sales of approximately $70 million.
  • We are pleased to have finalized an agreement with Kaman who is a strategic buyer for the Aircraft Wheel & Brake Division, said Roger Sherrard, Vice President and President of Parker's Aerospace Group.