Parker Hannifin Corp Is to Buy Watermaker Manufacturer Sea Recovery From Danfoss A/S

Parker Hannifin Corp is to buy watermaker manufacturer Sea Recovery from Danfoss A/S with effect from 1 November 2012, strengthening its position in seawater desalination for marine applications. Sea Recovery manufactures small to high capacity reverse osmosis systems for seawater desalination used primarily in commercial and pleasure marine applications. Headquartered in Compton, California, USA, Sea Recovery had sales of approximately US$26 million for the year ended 31 August 2012 and 70 employees, and has been engineering and manufacturing seawater reverse osmosis systems since 1981. Once the acquisition has been completed, Sea Recovery will join Parker Hannifin’s Filtration Group. “This acquisition supports our water purification growth strategy and further strengthens Parker’s global leadership position in creating fresh water for commercial marine and large yacht markets, ” said Peter Popoff, president of Parker Hannifin's Filtration Group. “Sea Recovery product lines help Parker expand its offering across geographic and end market applications. Their dedicated global sales and service organization is a strategic fit with our existing world class distribution network and will enable Parker to provide customers with the most advanced seawater desalination systems anywhere in the world. ” Nis Storgaard, Danfoss chief development officer, added: “We are happy that we have found a new owner that is ready to support Sea Recovery and its employees to further develop and grow the business. ” Source: filtsep