Parker Hannifin Corporation, the global leader in motion and control technologies, today announced that it has completed a transaction to divest its global Facet filtration business to Filtration Group Corporation. The Facet filtration business includes part of Parker’s U.S. qualified aviation ground fuel filtration business acquired in the CLARCOR merger, plus filtration products and technologies for other aviation fuel, marine, environmental and general applications. Filtration Group Corporation is a global provider of filtration solutions that span life science, process technologies, fluid and indoor air quality applications. Parker will retain the rest of the CLARCOR businesses and will continue to own the aviation ground fuel filtration business marketed under the Parker Velcon brand name. Terms of the transaction were not disclosed.

Parker previously agreed to divest the global Facet filtration business under the Proposed Final Judgment filed by the U.S. Department of Justice (DOJ) in the U.S. District Court for the District of Delaware on December 18, 2017.

“We are pleased to have finalized a transaction with a strategic buyer for the Facet business,” said Rob Malone, Vice President and President of Parker's Filtration Group. “The closing of this transaction allows us to resolve matters with the Department of Justice. The integration of the remaining CLARCOR businesses continues on track as we build a strong portfolio of filtration solutions for our customers.”

The divestiture includes the global Facet filtration business locations in Stilwell and Tulsa, Oklahoma; Paris, France; La Coruña, Spain; Torino, Italy; Pontypridd, UK; and Almere, the Netherlands; as well as an aviation fuel filtration testing lab in Greensboro, North Carolina. The global Facet filtration business has annual revenues of approximately $60 million and approximately 260 team members.