Parker-Hannifin agrees to sell Facet filtration business in DoJ settlement

The U.S. Department of Justice says it has reached a settlement with Parker-Hannifin requiring the company to divest the Facet filtration business, including the aviation fuel filtration assets acquired from Clarcor in February. The DoJ's Antitrust Division filed suit in September after saying the acquisition eliminated competition in the development, manufacture and sale of qualified filtration products necessary for the proper filtration of aviation fuel used in commercial and military aircraft.