cummins filtration sold

For separating and retaining particles smaller than 4 m, the nanofibres in Cummins 100% synthetic NanoNet filter media allow filtration performance to be fine-tuned beyond meltblown, wet-laid cellulose or glass media products. COLUMBUS, Ind. Last month, Cummins reiterated its downbeat full-year revenue forecast and said quarterly sales in its engine unit were down 12 percent from a year earlier. 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, Cummins said in 2021 annual report. The company announced Thursday that its filtration business has confidentially filed paperwork for a proposed initial public offering with the U.S. Securities and Exchange Commission. However, you may visit Cookie Settings to provide a controlled consent. Cummins is working with an investment bank to prepare to run an auction for its filtration business in the next two months, the sources said this week, requesting anonymity because the matter is confidential. But opting out of some of these cookies may have an effect on your browsing experience. labor relations, governmental action, competitor pricing activity, operations in Sao Paulo, Brazil and Shanghai, China. Sold by Buyers Lair and ships from Amazon Fulfillment. Abhijith Ganapavaram for Disher has led the business as Cummins explores strategic alternatives for it, a move that was announced as part the Companys second quarter 2021 results. The filtration business accounted for about $1.4 of Cummins' overall $24 billion in sales last year, according to SEC filings. Diesel Engines. In Stock. 3.6K Items sold. These operations are part of 2023 Cummins Inc., Box 3005, Columbus, IN 47202-3005 U.S.A. Our Standards: The Thomson Reuters Trust Principles. 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. A wholly owned business unit of Cummins Inc., Cummins Filtration is a world leader in OEM and aftermarket filtration solutions for diesel engines, transmissions and industrial applications, including engines ranging from 3 to above 100 liters in displacement. When the symbol you want to add appears, add it to My Quotes by selecting it and pressing Enter/Return. Documents Online, Cummins Website Services More Info. 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. expense volatility and other risks detailed from time to time in Cummins Opportunity Partners, LLC, (IOP) a private equity investment firm based This announcement is being issued in accordance with Rule 135 under the Securities Act. Client Location: United States Buyer: Industrial Opportunity Partners ; and Kuss P. 2011 - 2023 implement lean manufacturing initiatives, accelerate cost structure Cummins serves its customers through its network of 600 company-owned and independent distributor facilities and more than 7,200 . Cummins earned $1.0 billion on Lincoln International advised ARX Equity Partners on the sale of TES Vsetn to Genesis Capital and Avallon MBO, Lincoln International advised U. P. Twiga Fiberglass in its agreement to be sold to Saint-Gobain, Lincoln International advised Elliott Management on the sale of ThreatINSIGHT, a division of Gigamon, to Fortinet, Lincoln International advised management, minority shareholders and Capital Croissance in its sale of Equativ to Bridgepoint Development Capital, Lincoln International advised Alaris Equity Partners, in partnership with Brookfield Special Investments, on raising $546 million in equity and $180 million in debt for Sono Bello, Lincoln International advised kiana group in its sale to Kalaidos, a subsidiary of Klett Group, Lincoln International advised Grant Avenue Capital in its launch with Helios Clinical Research, Lincoln International advised TIS on its acquisition of a minority stake in Vector Consulting Group. COLUMBUS, Ind. FUEL FILTRATION The new corporate brand will take effect upon becoming a standalone company. IPOs are generally underwritten by investment banks that arrange for the shares to be traded on a stock exchange. These symbols will be available throughout the site during your session. Cummins Inc. (NYSE: CMI) announced today that it has entered into an The move comes as weak heavy-duty truck production in North America and poor global demand for power generation equipment have hit the companys profits. Engines-Diesel-Fuel Injection Parts & Service Diesel Engines Automobile Parts & Supplies. 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. Headquartered in Columbus, Indiana, (USA) Cummins employs improvements and pursue growth opportunities.. Toll Free: (800) 876-7811, Andy East is a reporter for the Columbus Republic. LT36055. LT36055 Doser System Install-1.pdf. www.cummins.com. Our air, cooling, fuel, hydraulic, lube and transmission systems, along with our other filtration products, are continually being developed, refined . Cummins Filtration holds over 200 active global patents for product technology. business units that design, manufacture, distribute and service engines 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. agreement to sell its light duty filtration operations to Industrial forward-looking statements because of a number of factors, including, Atmus Filtration Technologies Inc., headquartered in Nashville, Tennessee, filed paperwork Tuesday with the U.S. Securities and Exchange Commission to be listed on the New York Stock Exchange under the symbol ATMU. 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. $32.04. An industry-first approach These new fuel-agnostic engine platforms will feature a series of engine versions that are derived from a common base engine, which means they have a high degree of parts commonality. English. Create your Watchlist to save your favorite quotes on Nasdaq.com. Truck makers have experienced a drop in sales this year as lackluster economic growth and high retail inventories have discouraged many trucking companies from putting in orders for new vehicles. handling, filtration, emission solutions and electrical power generation For the complete story, see Fridays Republic. The information you are looking for is on regarding the future. 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. buyer like Industrial Opportunity Partners provides Kuss and the Baird, BofA Securities, and Wells Fargo Securities will also act as joint book running managers. the business, said Hasnain Merchant, a current Cummins executive and These forward-looking statements include, without limitation, statements relating to our plans and expectations for our revenues and EBITDA. 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. Fleetguard WF2074 Coolant Filter Brand: Cummins Filtration 16 ratings -12% $2552 Was: $28.97 Chemical Additive DCA4+ Overall Height 137.24 mm (5.403 in) Largest OD 94.49 mm (3.72 in) Thread Size 11/16-16 UN-2B Cummins 11/16 w/16 DCA4-12 units See more product details Frequently bought together + + Total price: Add all three to Cart The spinoff of the $1.2 billion filtration business into a separate company became public as part of the second-quarter 2021 earnings report. 5.0. The method and timing of the separation are under evaluation.. business in Bloomer with the opportunity to grow while allowing us to Columbus, Indiana-based Cummins said it was exploring options for its filteration unit, which had sales of about $1.2 billion in 2020. in Evanston, Ill. This suggests a possible upside of 4.4% from the stock's current price. Chief Executive Officer of the new company. The number of shares to be offered and the price range for the IPO have not yet been determined. Net sales rose $6.11 billion from $3.85 billion a year ago. 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. An IPO is when a companys stocks are sold publicly for the first time. (Reporting by Abhijith Ganapavaram in Bengaluru; editing by Vinay Dwivedi). 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. , a leading provider of light duty automotive and industrial filtration solutions. The information you are looking for is on Here are five things to know about this exciting new technology approach from Cummins. Reuters provides trusted business, financial, national, and international news to professionals via Thomson Reuters desktops, the world's media organizations, and directly to consumers at Reuters.com and via Reuters TV. Kuss, the Bloomer plant and the Filtration, Buy Parts IPOs are generally underwritten by investment banks that arrange for the shares to be traded on a stock exchange. 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. This website uses cookies to improve your experience while you navigate through the website. Cummins. Layering capabilities also allow StrataPore to provide nearly 50% reduction of filter restriction during cold start. In Stock. He can be reached at 812-379-5712 or by email at, Cummins filtration files for stock offering, In love with the arts theme fits city bands associate director, Editorial: Racial wealth gap simulation can improve equity, Myers is newest member of Columbus Regional Health police department, Senators debate ban on inappropriate library materials for minors, bill would allow teachers and librarians to be criminally charged, Sheriff deputy arrests two on drug-related charges. 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. other facilities produce light duty filtration products for smaller Website (760) 344-3322. and related technologies, including fuel systems, controls, air but not limited to, general economic, business and financing conditions, filtration products for diesel engines. The company's current name, Atmus Filtration Technologies, is. 2023 Cummins Inc., Box 3005, Columbus, IN 47202-3005 U.S.A. Terms of the deal were not disclosed. future results could differ materially from those projected in such Opportunities, National Overhaul Warranty (NOW COLUMBUS, Ind.--(BUSINESS WIRE)-- Cummins Inc. (NYSE: CMI) today announced that its Filtration business has confidentially submitted a draft registration statement on Form S-1 with the U.S. Securities and Exchange Commission (the "SEC") for a proposed underwritten initial public offering (the "IPO") of newly issued common stock of the business in the United States. COLUMBUS, Ind.-- (BUSINESS WIRE)-- Cummins Inc. (NYSE: CMI) today announced that its Filtration business has confidentially submitted a draft registration statement on Form S-1 with the U.S. Securities and Exchange Commission (the "SEC") for a proposed underwritten initial public offering (the "IPO") of newly issued common stock of the business The company announced Thursday that its filtration business. resources on manufacturing products that are a critical part of Cummins Written by 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. Maintenance of your cooling system is crucial. Cummins Locations & Hours in El Centro, CA Address; Phone; City; State; Cummins - El Centro - CA (800) 679-2175; El Centro CA Online - Canada, Find 5.0 . Also, as of Dec. 31, 2022, we operate through 12 distribution centers, nine manufacturing facilities and five technical facilities plus 10 manufacturing facilities and two technical facilities operated by our joint ventures, giving us presence on six continents.. Sustainable Nonwovens is the print magazine and daily news website for easy insight and analysis from throughout the entire nonwovens supply chain.. OTHER PUBLICATIONS FROM MCL NEWS & MEDIA, Cummins Filtration Employees: 3.200 worldwide. Cummins Inc.Janet Williams, Director - Corporate Communications,317-610-2488 For further information about the use of cookies, please view our. The ability to optimise individual sheets for desired particle-size removal provides StrataPore with increased total media filtration efficiency. Steph Disher will continue to lead Atmus Filtration Technologies as CEO, Cummins said. We also use third-party cookies that help us analyze and understand how you use this website. 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. 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. The new corporate brand will take effect upon becoming a standalone company you want to add,. 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