Parker Hannifin’s $3.67 Billion Acquisition Of LORD Corporation


Cravath represented Parker Hannifin in connection with the transaction.

Parker Hannifin Corporation, a global leader in motion and control technologies, announced that it has entered into a definitive agreement to acquire LORD Corporation, a diversified technology and manufacturing company offering an array of advanced adhesives, coatings and specialty materials as well as vibration and motion control technologies, for approximately $3.675 billion in cash.

The Cravath team is led by partners George F. Schoen (Picture) and Keith Hallam and includes associates Matthew L. Ploszek, Nathan H. Trunnell and Timothy H. Chang on M&A matters; partners Michael S. Goldman and Nicholas A. Dorsey and associates Saagar Kaul and Emily C. Weiss on financing matters; partner Christopher K. Fargo and associates Kiran Sheffrin and Cecily Xi on tax matters; partner Eric W. Hilfers and associate Sarah W. Colangelo on executive compensation and benefits matters; partner Matthew Morreale on environmental matters; practice area attorney Anthony N. Magistrale on intellectual property matters; and practice area attorney Brian M. Budnick on real estate matters.

Involved fees earner: Brian Budnick – Cravath Swaine & Moore; Timothy Chang – Cravath Swaine & Moore; Sarah Colangelo – Cravath Swaine & Moore; Nicholas Dorsey – Cravath Swaine & Moore; Christopher K. Fargo – Cravath Swaine & Moore; Michael Goldman – Cravath Swaine & Moore; Keith Hallam – Cravath Swaine & Moore; Eric Hilfers – Cravath Swaine & Moore; Saagar Kaul – Cravath Swaine & Moore; Anthony N. Magistrale – Cravath Swaine & Moore; Matthew Morreale – Cravath Swaine & Moore; Matthew Ploszek – Cravath Swaine & Moore; George Schoen – Cravath Swaine & Moore; Kiran Sheffrin – Cravath Swaine & Moore; Nathan Trunnell – Cravath Swaine & Moore; Emily Weiss – Cravath Swaine & Moore; Cecily Xi – Cravath Swaine & Moore;

Law Firms: Cravath Swaine & Moore;

Clients: Parker Hannifin;

Author: Ambrogio Visconti