BRIEF-Parker Hannifin to buy Velcon Filters

Oct 5 (Reuters) - Parker Hannifin Corp :

* Agrees to acquire Velcon Filters to strengthen its position in aviation and

industrial fuel and process filtration applications

* Says terms of the transaction were not disclosed and are subject to

regulatory approval

* Says acquired company will become a part of parker's filtration group

* Says signed an agreement to acquire Velcon Filters, LLC, from the Sterling

Group LP, a private equity firm

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