The company I work for that makes air conditioner vavles is being sold to another company. Anyone know anything about a company called Parker Hannifin? They are based in Ohio.

No, don't know a thing about P/H but do know they are an old company.. Do a web search and read their history over..

Personal thing...

I went through this years ago back in '75 when Emerson Electric, (in St.Louis, MO), bought out AB Chance Co, in Centralia, MO..

I never will forget it!! Two people came through the office about a week after the papers were signed and they were counting phones and saying not to worry b/c nothing was going to change with the new ownership!!

Well, long story short, six months later 30 percent of the phones were gone as were the office people that used them!!

Things kept going down hill for me until I landed a job in '77 with AP Green refractories Co. in Mexico, MO.. Lasted 18.5 years with them and Now they are gone except for the two guy's I trained to install refractories in industrial furnaces.. Company is now RHI...

Hang in there AND I hope the best for you...

pdq67

Chris;

I do lots of business with ParTec out of Arizona - http://www.parker.com/ead/cm1.asp?cmid=719
They are a division of Parker/Hannifin
Used to do some work with the 'Compumotor' group but, sadly no longer - we use Vexta now.

They supply lots of our High-Purity PFA/PTFE Valving and Fittings for critical Chemical Flow paths in the Semiconductor sites I set-up.

Not to ruin you day - but,
The company I worked for SEMCO Inc. was bought out by a foreign company, British Oxygen Corp./ BOC Edwards last year and nothing has been the same since...
I quess it's never donned on them that the present "management team" they have in place is made up of all of our companys former competetors (which they bought up previously) who's businesses failed due to poor management way before ours...
Our company was always profitable (although capital was always tight) and we 'partnered' with BOC on contracts, clear up until they made the owner an "offer he could not refuse" (like 3 times the worth of the company just for our technology and customer base).
We still continue to be the only profitable division in the CMP group, due to our products and past customer base - but, this is fading fast now...

I now am the last "indian" reporting to 4~5 Chiefs. Qwiver is low and I don't think I can hold out much longer...
Had it up to here - an may be asking if you would like your order 'Supersized' soon.

Just a quick note to cheer you up for the weekend!

John

Started working for General Dynamics on the Tomahawk Cruise Missile Program in 1983. We were bought by Hughes (owned by Gm at the time) in 1992, then Raytheon bought us in 1997.

Started out in San Diego Ca and moved with the program to Camden Arkansas in 2000 when they shut down operations in San Diego and moved it to Arkansas. You never know where life will take you. I love my job and it's been good to me, hang in there if you like what your doing for living. Making good money is one thing but job satisfaction means something to.

Joe

I worked for one A/C company that was taken over by the competition. They bought it, layed everyone off and shut the doors. Auctioned off all the equipment they did not want to keep and claimed a bigger share of the market and one less competitor.

Next A/C place moved me around a few times and I decided to take a layoff with 450 other workers rather than move again with them one more time.

Next place let me go about 2 months ago and I am still looking.

Keep your chin up and your eyes open. It could be worse.

-Mark.

Mark, you've got mail.

Chris, you could get lucky and things may not change much if any. Over the years, several of the large accounts that I handled at my last job went thru ownership changes, and the change was transparent other than their paychecks came from a different place. Hope it works out that way for you.

We still have more work than we know what to do with. Our sales were growing something like 20% to 30% a year so that's a good thing. Hopefully things won't change too much. The company has been here for almost 70 years.

Hey Chris, this is not a bad thing at all. I work for Parker Hannifin. The group that purchased your company is likely the "Climate and Industrial Controls Group". We, Parker, are a very well run and solid company. The company runs from the top all the way down to the local General Managers. It's managed by good solid people with a strong eye on both aggressive growth AND long term profit sustainability. I came into the company 6 years ago amidst 3 acquisitions, and for the most part, people were better off in the long run. I was involved, to some degree, in bring 3 acquistions together. Many, many, people were involved in this. It was our deal to fix. Investments were made, plants were fixed up, benefits improved, etc. Sounds too good right? Not really, but then again there were some rationalization issues that were put in place to mitigate losses and help cover costs. It's not easy to become "integrated", but those who fought it really did not see the big picture. For me and many of my friends, we were given the freedom to develop new programs, invest in them, and see a payoff. Work as a team on the integration plans, lean programs, and the Strategic initiatives. Be a part of the new beginning. That being said, I hold no promises other than I can honestly say Parker has done right by me, the customers, and many of my co-workers and direct reports. Best of Luck. Let me know if you need more insight.

That's good to hear Chuck. I hope everything turns out for the best. Maybe we'll get more new machinery, and ironically enough, maybe we’ll get air conditioning.