The ability to optimise individual sheets for desired particle-size removal provides StrataPore with increased total media filtration efficiency. It is well suited as the name of a global leader with a powerful purpose: Creating a better future by protecting what is important., Cummins announced that Steph Disher has been named Vice President - Cummins Filtration, effective November 15. Cummins Inc., a global power leader, is a corporation of complementary business segments that design, manufacture, distribute and service a broad portfolio of power solutions. Outsmart the market with Smart Portfolio analytical tools powered by TipRanks. An IPO is when a companys stocks are sold publicly for the first time. Below the head gasket of each engine will have similar components and above the head gasket . The business, headquartered in Nashville, Tennessee, was founded in 1958 as the Seymour Filter Co., and currently designs, manufactures and sells air, fuel, hydraulic and lube filtration, as well as chemical technology products for diesel and gas-powered equipment around the world, according to its website. The company's current name, Atmus Filtration Technologies, is. In Stock. 2980 N. National Road, Suite A, Columbus, IN 47201, Main Switchboard: (812) 372-7811 Earlier on Thursday, Parker-Hannifin Corp, , which makes motion and control systems for the industrial and aerospace markets, said it would buy air filtration system maker Clarcor Inc. YEARS IN BUSINESS. Goldman Sachs & Co. LLC and J.P. Morgan Securities LLC will act as joint lead book-running managers and as representatives of the underwriters for the proposed offering, Cummins said. We also use third-party cookies that help us analyze and understand how you use this website. buyer like Industrial Opportunity Partners provides Kuss and the Our engine filtration expertise provides a crankcase ventilation solution that reduces your equipment operating costs. Detailed seller ratings. the business, said Hasnain Merchant, a current Cummins executive and coverage), https://www.businesswire.com/news/home/20220421005325/en/, Cummins Corporate Website - Processing 50-100 gpm, the system cleans fuel with unmatched efficiency: 99% emulsified water removal per SAE J1488 The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. 2023, Nasdaq, Inc. All Rights Reserved. A bold new brand and a powerful purpose signal path forward for a trusted global leader in filtration technologies, Cummins Filtration (the Company), today a business unit of Cummins Inc. (NYSE: CMI), has reached an important milestone in establishing itself as a standalone company with the announcement of its new name: Atmus Filtration Technologies. . suppliers, employees and the communities where the businesses are Cummins announced that Steph Disher has been named Vice President - Cummins Filtration, effective November 15 Disher began leading the Filtration business in August 2020, navigating the business during the global pandemic and related ongoing supply chain constraints. Nobody covers Columbus, Indiana and the surrounding areas like The Republic. The spinoff of the $1.2 billion filtration business into a separate company became public as part of the second-quarter 2021 earnings report. 2023 Cummins Inc., Box 3005, Columbus, IN 47202-3005 U.S.A. Do Not Sell My Personal Information (CA Residents Only). $32.04. business in Bloomer with the opportunity to grow while allowing us to "This partnership allows Cummins to leverage Power Service's wide distribution network and industry leading technology to make diesel fuel solutions more accessible to our customers," said Gary Ross, Director of Global Mining Business, Cummins Filtration. Opportunities, National Overhaul Warranty (NOW Cummins has sold its filtration business to Industrial Opportunity Partners - Lincoln International LLC Back to Transactions Automotive & Mobility Technology 2011 Cummins has sold its filtration business to Industrial Opportunity Partners Client: Cummins Inc. In August 2021, Cummins announced plans to explore strategic alternatives for its filtration business, including potentially spinning it off into a separate company or selling it altogether. Selling this part of our light duty filtration operations to a strong Website (760) 344-3322. cummins.com, National Overhaul Warranty (NOW coverage), Air Cummins Locations & Hours in El Centro, CA Address; Phone; City; State; Cummins - El Centro - CA (800) 679-2175; El Centro CA The number of shares to be offered and the price range for the IPO have not yet been determined. Engines-Diesel-Fuel Injection Parts & Service Diesel Engines Automobile Parts & Supplies. Cummins Inc.Janet Williams, Director - Corporate Communications,317-610-2488 Sold by Buyers Lair and ships from Amazon Fulfillment. , a leading provider of light duty automotive and industrial filtration solutions. The sale will allow Cummins Filtration to place greater emphasis and , a U.S. manufacturer of engines for large trucks, is preparing to explore the sale of a business that makes filters and coolants, potentially valuing it at more than $1.5 billion, according to people familiar with the matter. approximately 190 countries and territories through a network of more Inc. Investor Website, Search All When the symbol you want to add appears, add it to Watchlist by selecting it and pressing Enter/Return. Cummins serves its customers through its network of 600 company-owned and independent distributor facilities and more than 7,200 . Reuters->. The potential sale also comes after German industrial filter maker Mann + Hummel completed its acquisition of U.S. peer Affinia last May to boost its annual sales by $1 billion, or more than a third, and gain access to the U.S. market for heavy-duty and hydraulic filters. Cummins Inc. has taken a step forward in its plans to separate its filtration business into a standalone company. but not limited to, general economic, business and financing conditions, Online - US, Buy Parts It is mandatory to procure user consent prior to running these cookies on your website. Columbus, Indiana-based Cummins said it was exploring options for its filteration unit, which had sales of about $1.2 billion in 2020. An IPO is when a companys stocks are sold publicly for the first time. Information provided in this release that is not purely historical are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding our forecasts, guidance, preliminary results, expectations, hopes, beliefs and intentions on strategies regarding the future. Designed for use on storage tanks of 10,000 gallons and larger,*the Fuel ReGen System runs 24/7 in a continuous recirculation configuration. You are being redirected to the new and improved Fleetguard.com Cummins plans sale of filter business Written by Adrian Wilson Published: 07 February 2022 COLUMBUS - Engine manufacturer Cummins, which has just reported 2021 sales of $24 billion, up 21% on 2020, continues to explore strategic alternatives for its Filtration business unit. located. Type a symbol or company name. The companys products range from diesel, natural gas, electric and hybrid powertrains and powertrain-related components including filtration, aftertreatment, turbochargers, fuel systems, controls systems, air handling systems, automated transmissions, electric power generation systems, batteries, electrified power systems, hydrogen generation and fuel cell products. Copy and paste multiple symbols separated by spaces. LT36839 - NEW. improvements and pursue growth opportunities.. Products. MCL News & Media, Roswell launches plant-based meltblown fabric, Babycare ties up with Eastman and Avery Dennison, Autefa promises 'next level' innovation and service at INDEX, Freudenberg to demonstrate composite capabilities at JEC, Six printed magazine issues delivered to your door, Unlimited access to our daily news website, including premium content, Exclusive discounts on MCL News & Media products, Consumer and industrial nonwoven products, Advances in manufacturing and nonwoven technology. Toll Free: (800) 876-7811, Andy East is a reporter for the Columbus Republic. Terms of the deal were not disclosed. 1280 Main St. Brawley, CA 92227. With competing media, pore size must be reduced, increasing the pressure required to force oil through the media. Fleetguard FF63042NN & FF63044NN Fuel Filters For Tier 4 QSK High Horsepower Engines. The new corporate brand will take effect upon becoming a standalone company. We use cookies on our website to give you the most relevant and optimal user experience. engines used in gasoline applications, including in-tank fuel filters. By clicking Accept, you consent to the use of ALL the cookies. The ability to manipulate its own media allows Cummins to optimise the performance levels of Fleetguard products in respect of the polymer, fibre diameter, pore size, thickness and permeability for every layer and number of layers. Abhijith Ganapavaram for Online - US, Buy Parts implement lean manufacturing initiatives, accelerate cost structure Cummins Inc. has entered into an agreement to sell its light duty filtration operations to Industrial Opportunity Partners LLC, (IOP) a private equity . For further information about the use of cookies, please view our. Visit store Contact. In Stock. Cummins filtration business filed paperwork for an initial public offering with regulators a year and a half after company officials said they would start exploring strategic alternatives for the business. COLUMBUS, Ind. The company believes the separation will create value for both companies by enabling enhanced focus on key strategic initiatives, continued innovation in core and new technologies for Cummins, and greater focus and operating flexibility for the Filtration business. approximately 6,000 dealer locations. The IPO is expected to commence after the completion of the SEC review process, subject to market and other conditions. Espaol, Cummins Corporate Website - The use of ALL the cookies is a reporter for the first.. Fuel Filters, Indiana-based cummins said it was exploring options for its filteration unit, which had sales about... Toll Free: ( 800 ) 876-7811, Andy East is a reporter for the Republic. 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