Parker Hannifin (Formerly Parker Appliance Company)

Parker Hannifin, originally known as the Parker Appliance Company, was founded in 1917 by Arthur L. Parker. The company began its journey in Cleveland, Ohio, with a focus on pneumatic brake systems for trucks and buses. Arthur Parker's vision was to create a company that could provide innovative solutions in motion and control technologies.

In the early years, Parker faced significant challenges, including the Great Depression, which tested the resilience of the company. However, Parker's commitment to innovation and quality helped it survive and eventually thrive. The company expanded its product offerings to include a wide range of motion and control technologies, serving various industries such as aerospace, climate control, electromechanical, filtration, and hydraulics.

A significant milestone in Parker's history was its initial public offering (IPO) in 1964, which provided the company with the capital needed to expand its operations globally. This move marked the beginning of Parker's transformation into a global leader in motion and control technologies.

Over the decades, Parker Hannifin has continued to grow through strategic acquisitions and innovations. The company's ability to adapt to changing market demands and its focus on engineering excellence have been key to its long-term success. Today, Parker Hannifin is recognized as a Fortune 250 company, with a presence in over 50 countries and a reputation for engineering solutions that enable a cleaner and more sustainable future.