Hours after it was disclosed that the privately–owned company is set to be sold to Parker Hannifin Corporation for a whopping $3.675 billion, LORD’s CEO Ed Auslander confirmed that multiple companies offered bids for the diversified technology and manufactory company.
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LORD Corporation’s chief communications officer tells WRAL TechWire that the company would not comment on a Bloomberg News report that the company is up for sale in a deal worth as much as $3 billion.
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On the back of several accomplishments, the company announced today that it has achieved a significant milestone – securing $1 billion in sales.
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Lord Corporation opened the doors at a new $12 million manufacturing facility in southeastern France earlier this week, the latest move by the growing technology firm to expand its footprint in aerospace and defense industry work. Take a photo tour.
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