SK Capital Acquires Parker Hannifin's North America Composites & Fuel Containment Division (renamed Axillon Aerospace)
July 30, 2024
SK Capital Partners has signed a definitive agreement to acquire the North America Composites & Fuel Containment (CFC) Division of Parker Hannifin and completed the acquisition, renaming the business Axillon Aerospace. The division is a leading producer of engineered carbon fiber composite components and fuel containment solutions for defense and commercial aerospace, generating about $350 million in annual sales, operating six North American manufacturing sites, and employing ~1,700 people.
- Buyers
- SK Capital Partners
- Targets
- North America Composites & Fuel Containment Division (Parker Hannifin) / Axillon Aerospace
- Sellers
- Parker Hannifin Corporation
- Industry
- Aerospace & Defense
- Location
- Georgia, United States
- Transaction Type
- Divestiture
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