This item: Fleetguard Fuel/Water Sep Spin-On FS1003 ( SIngle) $32.18. Cummins Inc. has taken a step forward in its plans to separate its filtration business into a standalone company. . 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. Cummins Filtration business, which specializes in providing a range of 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. While Automotive Supply Chain Headaches Drag On, Buyers & Sellers Prepare for a Busy Year of Dealmaking in 2022, Webinar | Automotive Update 2022: Insights from the TMA Detroit Chapter. In August, Cummins announced plans to explore strategic alternatives for its filtration business, including potentially spinning it off into a separate company or selling it altogether. Processing 50-100 gpm, the system cleans fuel with unmatched efficiency: 99% emulsified water removal per SAE J1488 It is important to note that the companys actual 5.0 . The filtration business accounted for about $1.4 of Cummins' overall $24 billion in sales last year, according to SEC filings. IOP will work with the Toll Free: (800) 876-7811, Andy East is a reporter for the Columbus Republic. Online - US, Buy Parts We use cookies on our website to give you the most relevant and optimal user experience. The IPO is expected to commence after the completion of the SEC review process, subject to market and other conditions. 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. coverage), Cummins Corporate Website - 3.6K Items sold. Cummins with significant growth opportunities in the development and (Reuters) - Cummins Inc CMI.N, 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. The companys current name, Atmus Filtration Technologies, is derived from atmosphere and reflects its purpose of creating a better future by protecting what is important, Cummins said. Earlier on Thursday, Parker-Hannifin Corp PH.N, which makes motion and control systems for the industrial and aerospace markets, said it would buy air filtration system maker Clarcor Inc CLC.N for about $4.3 billion, including debt. Through these challenges, the business consistently has delivered solid financial performance. It earned $1.4 billion last year on sales of $19.1 billion. Filtration, Buy Parts Cummins serves its customers online, through a network of company-owned and independent distributor locations, and through thousands of dealer locations worldwide and earned about $2.1 billion on sales of $24.0 billion in 2021. located. Cummins Filtration employs around 4,000 people worldwide, corporate spokesman Jon Mills said last year. 2980 N. National Road, Suite A, Columbus, IN 47201, Main Switchboard: (812) 372-7811 Outsmart the market with Smart Portfolio analytical tools powered by TipRanks. Average for the last 12 months. handling, filtration, emission solutions and electrical power generation Aug 3 (Reuters) - U.S. industrial firm Cummins Inc CMI.N said on Tuesday it would explore options for its unit which makes filters, coolant and chemical products, including spinning it off into a separate company. She truly is a champion of our mission, vision and values, and her leadership, strategic mindset and caring nature have been incredibly important for all Filtration employees and the future opportunities for the business.., 2023 Cummins Filtration, 26 Century Boulevard, Nashville, Tennessee 37214 U.S.A, https://www.cummins.com/news/releases/2023/02/21/cummins-announces-filing-ipo-registration-statement-filtration-business. Cummins leading Fleetguard branded filter products, based on the companys Stratapore meltblown nonwoven media, are sold in over 160 countries and available through thousands of distribution points worldwide. Reuters, the news and media division of Thomson Reuters, is the worlds largest international multimedia news provider reaching more than one billion people every day. sales of $13.2 billion in 2010. approximately 40,000 people worldwide and serves customers in When the symbol you want to add appears, add it to My Quotes by selecting it and pressing Enter/Return. Based in Columbus, Indiana, Cummins makes diesel and natural gas engines and engine-related component products for the truck and industrial markets. Established in 1958, Cummins Filtration offers filtration products for trucks, off-highway industrial equipment and power generation systems. Derived from the word atmosphere, Atmus signals a clean, sustainable environment. Layering capabilities also allow StrataPore to provide nearly 50% reduction of filter restriction during cold start. Findlay, Ohio, and the Filtration business at Bloomer, Wisc. P. Details:Cummins Inc. has sold its Filtration Business to Industrial Opportunity Partners. approximately 6,000 dealer locations. We maintain strong global customer relationships, supported by an established salesforce with work locations in 25 countries as of Dec. 31, 2022, Atmus said in the SEC filing. Visit store Contact. forward-looking statements within the meaning of the Private Securities COLUMBUS, Ind. Any offers, solicitations or offers to buy, or any sales of securities will be made in accordance with the registration requirements of the Securities Act of 1933, as amended (the" Securities Act"). COLUMBUS, Ind. Below the head gasket of each engine will have similar components and above the head gasket . 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. Cummins Inc. 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In 1958, Cummins Corporate website - 3.6K Items sold each engine will have similar components and above head.
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