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2007-08-09 Manufacturing News Source

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Silver Cloud Manufacturing acquired by Parker

Silver Cloud Manufacturing, a maker of electromagnetic shielding products and display filters for electronics applications, to be a part of the Parker Seal Group.

The global leader in motion and control technologies, Parker Hannifin Corporation, announces the acquisition of the assets of Silver Cloud Manufacturing, a maker of electromagnetic and radio frequency interference shielding products and display filters for a variety of electronics applications.

Silver Cloud will operate as part of Parker's sealing and shielding business within the company's Industrial North America segment. "Silver Cloud's unique lamination technology and anti-reflective chemistry knowledge are used to create products that are used in control panels, monitors, handhelds, voting booths, in-flight entertainment screens and medical devices," said Heinz Droxner, President of Parker's global Seal Group. "This acquisition puts Parker among the leaders in this market niche and also offers
potential synergies with the Tecknit acquisition we completed last year."

"Silver Cloud combines proprietary materials with custom display filters to produce unique configurations that add value to a wide range of OEM products," said Silver Cloud President and General Manager Bill Riland. "Parker is an excellent fit for us and should help us to continue growing our business profitably."

Silver Cloud located in Millville, NJ is a unit of Xymox Technologies Inc., and employs 54 people and reached $8.3 million in revenues for the year ended June 30, 2007. Terms of the deal were not disclosed.

Read a recent press release about - GE Plastics introduces a new line of thermoplastics with high specific gravity that may replace lead in many healthcare applications that call for radiation shielding.

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