Parker-Hannifin is to divest its Facet aviation fuel filtration business following an agreement with the US Department of Justice (DoJ), the DoJ announced on 18 December.
“This agreement to fully divest the Facet filtration business restores the competition in the aviation fuel filtration markets that the underlying merger eliminated,” said Assistant Attorney General Makan Delrahim of the DoJ’s Antitrust Division.
The agreement comes after the DoJ’s Antitrust Division took Parker-Hannifin to court in September over its acquisition of CLARCOR. Under the acquisition, completed in February, Parker-Hannifin acquired fuel filter firm CLARCOR for USD4.3 billion.
As part of the acquisition, Parker-Hannifin had acquired CLARCOR’s Facet brand of aviation fuel filters, which were used by commercial and military end-users.
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