Energy Steel & Supply Co, a manufacturer of machined products and components for the civil nuclear power industry, has entered into an agreement with Parker Hannifin, the global leader in motion and control technologies, for the purchase of intellectual assets that allow Energy Steel to manufacture and deliver the Parker Greer accumulator product line from its Michigan, USA facility to customers in nuclear power generation.
Under the agreement, accumulators and replacement components will be manufactured by Energy Steel in strict accordance with Parker Greer quality standards. Energy Steel will be responsible for design, code compliance, and regulatory requirements of the accumulator components, and will handle all quotes, engineering, and delivery to nuclear power providers, as well as ongoing product support.
This arrangement allows Parker Greer customers to continue to rely on the high performance of its accumulators, avoid the cost and uncertainty related to product obsolescence, and continue with a stable supplier that has served the nuclear power industry for over 30 years.
“The Greer accumulators acquisition helps us deliver greater value to our existing and future customers,” said Mike Turmelle, Managing Director of the Engineered Pumps and Motors Division of Avingtrans, which owns Energy Steel. “We look forward to ensuring the world-class quality and performance of Greer accumulators.”
“As we restructured our Accumulator and Cooler Division portfolio, it was important to us to support our customers by ensuring procurement of their trusted equipment without disruption,” said Catherine Lemus, Division Marketing Manager of Parker Hannifin, Accumulator and Cooler Division. “Energy Steel has the right expertise and capability to continue our line of Greer hydraulic accumulators into the future.”
About Parker Hannifin
Parker Hannifin is a Fortune 250 global leader in motion and control technologies. For more than 100 years the company has engineered the success of its customers in a wide range of diversified industrial
and aerospace markets. Parker has increased its annual dividend per share paid to shareholders for 63 consecutive fiscal years, among the top five longest-running dividend-increase records in the S&P 500 index. Learn more at www.parker.com or @parkerhannifin.
About Energy Steel
Energy Steel has been serving the nuclear power industry since 1986 with capabilities in equipment fabrication, material supply, precision machining, engineering, and repair services. Through strategic OEM partnerships, it also provides solutions for obsolete nuclear components and support for the most complex projects.
For more information:
Amber Granger • AGranger@energysteel.com • (802) 655-4444
Mile Lonsberry • MLonsberry@energysteel.com • (517) 285-2988