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Divestiture Aug 2020 Verified

RLS Ends Exclusive Partnership with Parker Hannifin

RLS, a Marmon Holdings subsidiary, ended its exclusive supply agreement with Parker Hannifin for the ZoomLock brand.

“However, RLS recently decided not to renew its exclusive partnership with Parker. This decision was made, in part, because RLS believes discounted pricing provided to Parker was not passed along to customers as intended.”

Entities

Parker Hannifin Corp. · Mentioned Marmon Holdings Inc. · Parent RLS · Mentioned
Refrigeration Sentiment: Neutral

Signals are extracted from public coverage and print archives and pinned to a verbatim quote, presented as reported by their sources; naming a company in a signal is not an accusation against it. The verified mark denotes a high-confidence, corroborated signal. See our methodology and legal notes.