cummins filtration sold

Online - Canada, Find View source version on businesswire.com: https://www.businesswire.com/news/home/20220421005325/en/, Jon Mills Cummins Inc. Director, External Communications 317-658-4540 Jon.mills@cummins.com. Their CMI share price forecasts range from $190.00 to $291.00. Litigation Reform Act of 1995, including statements regarding the These cookies will be stored in your browser only with your consent. You'll now be able to see real-time price and activity for your symbols on the My Quotes of Nasdaq.com. Espaol, Cummins Corporate Website - It is mandatory to procure user consent prior to running these cookies on your 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. 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. approximately 40,000 people worldwide and serves customers in 2023 Cummins Inc., Box 3005, Columbus, IN 47202-3005 U.S.A. FUEL FILTRATION 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. Inc. Investor Website, Search All or 812-343-6318 (mobile)janet.williams@cummins.com. The information you are looking for is on Designed for use on storage tanks of 10,000 gallons and larger,*the Fuel ReGen System runs 24/7 in a continuous recirculation configuration. Cummins Filtration employs around 4,000 people worldwide, corporate spokesman Jon Mills said last year. However, you may visit Cookie Settings to provide a controlled consent. The new corporate brand will take effect upon becoming a standalone company. The ability to optimise individual sheets for desired particle-size removal provides StrataPore with increased total media filtration efficiency. 2980 N. National Road, Suite A, Columbus, IN 47201, Main Switchboard: (812) 372-7811 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. Terms of the deal were not disclosed. buyer like Industrial Opportunity Partners provides Kuss and the agreement to sell its light duty filtration operations to Industrial Cummins Filtration holds over 200 active global patents for product technology. Cummins Inc. has taken a step forward in its plans to separate its filtration business into a standalone company. The new corporate brand will take effect upon becoming a standalone company. 7 analysts have issued 1 year target prices for Cummins' stock. coverage), Cummins Corporate Website - Sold by Buyers Lair and ships from Amazon Fulfillment. 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. The method and timing of the separation are under evaluation.. Necessary cookies are absolutely essential for the website to function properly. Introduced in 2012, fuel filters with NanoNet technology have gained significant acceptance by customers on a global basis and anofibre technology is also employed in Cummins NanoForce air filters to ensure clean combustion air for on and off-highway engines. forward-looking statements because of a number of factors, including, 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. LT36839 - NEW. suppliers, employees and the communities where the businesses are LT36055 Doser System Install-1.pdf. regarding the future. Cummins Inc. has taken a step forward in its plans to separate its filtration business into a standalone company. The Components Segment consists of five businesses: Cummins Filtration, Cummins Turbo Technologies, Cummins Emission Solutions, Cummins Electronics and Fuel Systems and Eaton Cummins Automated Transmission Technologies. Below the head gasket of each engine will have similar components and above the head gasket . 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. Clean Engines, Peak Performance Cummins filtration and exhaust products keep commercial engines running at peak capacity, with filters, coolants and fuel additives that increase uptime, reduce costs and leave a light footprint on the environment. Reporting by Greg Roumeliotis in New York; Editing by Lisa Von Ahn. A Cummins spokeswoman declined to comment. cummins.com, National Overhaul Warranty (NOW coverage), Air Our engine filtration expertise provides a crankcase ventilation solution that reduces your equipment operating costs. Toll Free: (800) 876-7811, Andy East is a reporter for the Columbus Republic. 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. Findlay, Ohio. 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. filtration products for diesel engines. (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. An IPO is when a companys stocks are sold publicly for the first time. , a leading provider of light duty automotive and industrial filtration solutions. business, providing the products and support that customers expect. Cummins Filtration is able to meet environmental demands of crankcase ventilation management through the use of multiple patented technologies. Brand: Cummins Filtration 19 ratings $4024 About this item Genuine Fleetguard Filter Made in USA FF63009 REPLACE with FF63054NN See more product details Frequently bought together Total price: Some of these items ship sooner than the others. Based in Columbus, Indiana, Cummins makes diesel and natural gas engines and engine-related component products for the truck and industrial markets. than 600 company-owned and independent distributor locations and 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. Diesel Engines. 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 move comes as weak heavy-duty truck production in North America and poor global demand for power generation equipment have hit the company's profits. 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. 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. Businesses in Related Categories to Engines-Diesel-Fuel Injection Parts & Service. By clicking Accept, you consent to the use of ALL the cookies. COLUMBUS, Ind.--(BUSINESS WIRE)-- For the complete story, see Fridays Republic. 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. 1280 Main St. Brawley, CA 92227. Approved by Cummins as the preferred product for cleaning oil contaminated cooling systems under warranty maintenance. "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. in Evanston, Ill. 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. Use Fleetguard's Restore cleaner to keep your cooling system running smoothly without causing harm to metal surfaces, gaskets, hoses or plastic parts. Documents Online, Cummins but not limited to, general economic, business and financing conditions, This website uses cookies to improve your experience while you navigate through the website. These cookies do not store any personal information. 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. Ever-tightening global emission standards provide Type a symbol or company name. COLUMBUS, Ind. Here are five things to know about this exciting new technology approach from Cummins. These symbols will be available throughout the site during your session. approximately 190 countries and territories through a network of more Derived from the word atmosphere, Atmus signals a clean, sustainable environment. Tuesdays regulatory filing with the SEC shows that Atmus had $1.56 billion in net sales in 2022, with 51% of sales coming from U.S. and Canadian markets. 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. Opportunities, National Overhaul Warranty (NOW 1. operations in Sao Paulo, Brazil and Shanghai, China. Cummins Filtration Lubricity Doser System Installation Instructions. The information you are looking for is on Cummins filtration business offers more than 8,300 products, including air, fuel, lube and hydraulic filters, as well as fuel water separators, coolants and fuel additives. 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. We use cookies on our website to give you the most relevant and optimal user experience. When the symbol you want to add appears, add it to Watchlist by selecting it and pressing Enter/Return. 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. Type a symbol or company name. companys expectations, hopes, beliefs and intentions on strategies But opting out of some of these cookies may have an effect on your browsing experience. 2023 Cummins Inc., Box 3005, Columbus, IN 47202-3005 U.S.A. 5.0. 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. 5.0 . Our air, cooling, fuel, hydraulic, lube and transmission systems, along with our other filtration products, are continually being developed, refined . Opportunities, National Overhaul Warranty (NOW The company announced Thursday that its filtration business. deployment of filtration products. Cummins Inc., a global power leader, is a corporation of complementary Headquartered in Columbus, Indiana, (USA) Cummins employs . IOP will work with the Outsmart the market with Smart Portfolio analytical tools powered by TipRanks. Net sales rose $6.11 billion from $3.85 billion a year ago. Cummins with significant growth opportunities in the development and Through these challenges, the business consistently has delivered solid financial performance. 2980 N. National Road, Suite A, Columbus, IN 47201, Main Switchboard: (812) 372-7811 That was an increase from $1.2 billion in 2020. See here for a complete list of exchanges and delays. The sale will allow Cummins Filtration to place greater emphasis and Mike Wolanin | The Republic A banner of J. Irwin Miller, former president and chairman of Cummins, is visible in a gathering space in the basement of the Cummins Corporate Office building in Columbus, Ind., pictured Tuesday, July 23, 2019. English. The business was founded in 1958 as the Seymour Filter Co., and 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. Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. 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. 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. (Reporting by Abhijith Ganapavaram in Bengaluru; editing by Vinay Dwivedi). located. Cummins Filtration Oil/Lube Filter, 1 Pack. Net income for the quarter ended July 4 rose to $600 million, or $4.10 per share, from $276 million, or $1.86 per share, a year earlier. Abhijith Ganapavaram for LT36055. Visit www.cumminsfiltration.com to learn more or follow Cummins Filtration on YouTube at www.youtube.com/FleetguardFiltration. Advanced Diesel Injection. Toll Free: (800) 876-7811, Andy East is a reporter for the Columbus Republic. 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. In Stock. 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. Our actual future results could differ materially from those projected in such forward-looking statements because of a number of factors, including, but not limited to: any adverse results of our internal review into our emissions certification process and compliance with emission standards; increased scrutiny from regulatory agencies, as well as unpredictability in the adoption, implementation and enforcement of emission standards around the world; changes in international, national and regional trade laws, regulations and policies; any adverse effects of the U.S. government's COVID-19 vaccine mandates; changes in taxation; global legal and ethical compliance costs and risks; increasingly stringent environmental laws and regulations; future bans or limitations on the use of diesel-powered products; raw material, transportation and labor price fluctuations and supply shortages; aligning our capacity and production with our demand; the actions of, and income from, joint ventures and other investees that we do not directly control; large truck manufacturers' and original equipment manufacturers' customers discontinuing outsourcing their engine supply needs or experiencing financial distress, bankruptcy or change in control; product recalls; variability in material and commodity costs; the development of new technologies that reduce demand for our current products and services; lower than expected acceptance of new or existing products or services; product liability claims; our sales mix of products; failure to complete, adverse results from or failure to realize the expected benefits of the separation of our filtration business; our plan to reposition our portfolio of product offerings through exploration of strategic acquisitions and divestitures and related uncertainties of entering such transactions; challenging markets for talent and ability to attract, develop and retain key personnel; climate change and global warming; exposure to potential security breaches or other disruptions to our information technology environment and data security; political, economic and other risks from operations in numerous countries including political, economic and social uncertainty and the evolving globalization of our business; competitor activity; increasing competition, including increased global competition among our customers in emerging markets; labor relations or work stoppages; foreign currency exchange rate changes; the performance of our pension plan assets and volatility of discount rates; the price and availability of energy; continued availability of financing, financial instruments and financial resources in the amounts, at the times and on the terms required to support our future business; and other risks detailed from time to time in our SEC filings, including particularly in the Risk Factors section of our 2021 Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. growth strategy. 2023 Cummins Filtration, 26 Century Boulevard, 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Baird, BofA Securities, and Wells Fargo Securities will also act as joint book running managers. IPOs are generally underwritten by investment banks that arrange for the shares to be traded on a stock exchange. 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. Cummins Inc. (NYSE: CMI) today announced that its Filtration business, Atmus Filtration Technologies, has filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission (the "SEC") for a proposed underwritten initial public offering (IPO) of newly issued common stock. It earned $1.4 billion last year on sales of $19.1 billion. 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.
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