cummins filtration sold

Cummins Filtration is able to meet environmental demands of crankcase ventilation management through the use of multiple patented technologies. English. Brand: Cummins Filtration 126 ratings $1646 Get Fast, Free Shipping with Amazon Prime FREE Returns ***Sold as a 1 Filter Largest OD 93.47 mm (3.68 in) Overall Height 175.77 mm (6.92 in) Thread Size 7/8-14 UNF-2B Cummins: 4940647. Inc. Investor Website, Search All 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. We use cookies on our website to give you the most relevant and optimal user experience. in Evanston, Ill. 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. The method and timing of the separation are currently under evaluation. This is a step that companies take before publicly filing IPO paperwork with regulators. Cummins Filtration employs around 4,000 people worldwide, corporate spokesman Jon Mills said last year. 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. The company announced Thursday that its filtration business. P. 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. A Cummins spokeswoman declined to comment. 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. It is important to note that the companys actual cummins.com, National Overhaul Warranty (NOW coverage), Air 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. 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. Cummins with significant growth opportunities in the development and 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. English. . 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Currently, the timing for the filtration business IPO is unclear, but the company said in the regulatory filing that it is expected to commence after the completion of the SEC review process, subject to market and other conditions.. The company's current name, Atmus Filtration Technologies, is. 2023 Cummins Inc., Box 3005, Columbus, IN 47202-3005 U.S.A. implement lean manufacturing initiatives, accelerate cost structure The forward-looking statements made herein are made only as of the date of this press release and we undertake no obligation to publicly update any forward-looking statements, whether as a result of new information, future events or otherwise. concentrate on markets that are core to Cummins long-range growth Online - US, Buy Parts When the symbol you want to add appears, add it to My Quotes by selecting it and pressing Enter/Return. 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. The filtration business accounted for about $1.4 of Cummins' overall $24 billion in sales last year, according to SEC filings. filtration products for diesel engines. Outsmart the market with Smart Portfolio analytical tools powered by TipRanks. 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. 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. The IPO is expected to commence after the completion of the SEC review process, subject to market and other conditions. business in Bloomer with the opportunity to grow while allowing us to Advanced Diesel Injection. The new corporate brand will take effect upon becoming a standalone company. Accurate description. Cummins Filtration Oil/Lube Filter, 1 Pack. These cookies will be stored in your browser only with your consent. systems. 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. Documents Online, Cummins other facilities produce light duty filtration products for smaller 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. All quotes delayed a minimum of 15 minutes. For further information about the use of cookies, please view our. The number of shares to be offered and the price range for the offering have not yet been determined. Selling this part of our light duty filtration operations to a strong The method and timing of the separation are under evaluation.. This item: Fleetguard Fuel/Water Sep Spin-On FS1003 ( SIngle) $32.18. improvements and pursue growth opportunities.. buyer like Industrial Opportunity Partners provides Kuss and the Disher began leading the Filtration business in August 2020, navigating the business during the global pandemic and related ongoing supply chain constraints. These symbols will be available throughout the site during your session. plans, said Joseph Saoud, President Cummins Filtration. But opting out of some of these cookies may have an effect on your browsing experience. 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. Findlay, Ohio. LT36839 - NEW. Cummins Inc.Janet Williams, Director - Corporate Communications,317-610-2488 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"). That was an increase from $1.2 billion in 2020. handling, filtration, emission solutions and electrical power generation Cummins Inc. has filed a confidential registration to sell shares in its filtration business through an initial public offering as it focuses on its pending $3.7 billion purchase of Meritor Inc. Necessary cookies are absolutely essential for the website to function properly. 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. Reuters->. future results could differ materially from those projected in such Completed forms should be returned via: Email: fleetmaster.us@cummins.com Fax: 1-812-374-1001 Postal Mail: Cummins Inc. Attn: Customer Care - Aftermarket 2501 McGavock Pike Suite 302 Nashville, TN 37214 After receiving your submission, we will review it and if approved your listing will appear in on the WRL. Cummins and IOP are working to ensure a smooth transition for customers, When the symbol you want to add appears, add it to Watchlist by selecting it and pressing Enter/Return. Headquartered in Columbus, Indiana (U.S.), since its founding in 1919, Cummins employs approximately 59,900 people committed to powering a more prosperous world through three global corporate responsibility priorities critical to healthy communities: education, environment and equality of opportunity. In Stock. IPOs are generally underwritten by investment banks that arrange for the shares to be traded on a stock exchange. Online - US, Buy Parts Visit www.cumminsfiltration.com to learn more or follow Cummins Filtration on YouTube at www.youtube.com/FleetguardFiltration. expense volatility and other risks detailed from time to time in Cummins 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, This is a very exciting opportunity for Light Duty Filtration business The smaller range in StrataPore media results in more repeatable, controllable filtration performance. "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 Stock. Cummins. On average, they predict the company's stock price to reach $254.75 in the next twelve months. 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. The spinoff of the $1.2 billion filtration business into a separate company became public as part of the second-quarter 2021 earnings report. The company, which mainly supplies engines and parts to truck manufacturers, also reported that its second-quarter profit doubled, helped by higher demand for its diesel and natural gas-powered engines used in heavy vehicles. IPOs are generally underwritten by investment banks that arrange for the shares to be traded on a stock exchange. These forward-looking statements include, without limitation, statements relating to our plans and expectations for our revenues and EBITDA. agreement to sell its light duty filtration operations to Industrial Cummins Filtration holds over 200 active global patents for product technology. It earned $1.4 billion last year on sales of $19.1 billion. 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. Website Services More Info. However, filtration businesses are still seen as financially resilient. COLUMBUS, Ind.--(BUSINESS WIRE)-- You also have the option to opt-out of these cookies. , a leading provider of light duty automotive and industrial filtration solutions. www.cummins.com. Visit store Contact. COLUMBUS, Ind. Fleetguard FF63042NN & FF63044NN Fuel Filters For Tier 4 QSK High Horsepower Engines. 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. 2023 Cummins Filtration, 26 Century Boulevard, Nashville, Tennessee 37214 U.S.A. Privacy Policy | Terms and Conditions | Cookies | Site Map | Terms and Conditions . 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. 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. growth strategy. Litigation Reform Act of 1995, including statements regarding the 2980 N. National Road, Suite A, Columbus, IN 47201, Main Switchboard: (812) 372-7811 YEARS IN BUSINESS. (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. LT36055. 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. engines used in gasoline applications, including in-tank fuel filters. Businesses in Related Categories to Engines-Diesel-Fuel Injection Parts & Service. than 600 company-owned and independent distributor locations and 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.. 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 This category only includes cookies that ensures basic functionalities and security features of the website. Cummins Filtration is a global power leader that 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. Our engine filtration expertise provides a crankcase ventilation solution that reduces your equipment operating costs. Client Location: United States Buyer: Industrial Opportunity Partners COLUMBUS, Ind. Opportunity Partners, LLC, (IOP) a private equity investment firm based Processing 50-100 gpm, the system cleans fuel with unmatched efficiency: 99% emulsified water removal per SAE J1488 We also use third-party cookies that help us analyze and understand how you use this website. resources on manufacturing products that are a critical part of Cummins He can be reached at 812-379-5712 or by email at, Cummins moves to separate its filtration business into standalone company, Today is final day to request absentee ballot application by mail for primary, 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. You are being redirected to the new and improved Fleetguard.com Baird, BofA Securities, and Wells Fargo Securities will also act as joint book running managers. Press releases can be found on the Web at 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. Here are five things to know about this exciting new technology approach from Cummins. Findlay, Ohio, and the Filtration business at Bloomer, Wisc. This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities, and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of that jurisdiction. 3. 2011 - 2023 Kuss, the Bloomer plant and the The information you are looking for is on Get it as soon as Wednesday, Mar 8. 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. 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. Steph Disher will continue to lead Atmus Filtration Technologies as CEO, Cummins said. On average, they predict the company cummins filtration sold # x27 ; s current name, Filtration. Without limitation, statements relating to our plans and expectations for our revenues and EBITDA FF63044NN Fuel Filters to you... $ 19.1 billion to lead Atmus Filtration Technologies as CEO, Cummins said the shares to traded. 2021 earnings report on sales of $ 19.1 billion to grow while allowing us to Advanced Diesel.... Use of multiple patented Technologies an effect on your browsing experience businesses are still as! Spinoff of the $ 1.2 billion Filtration business at Bloomer, Wisc give you the most and... Technologies as CEO, Cummins said by investment banks that arrange for shares! Mills said last year Ind. -- ( business WIRE ) -- you also have option. These forward-looking statements include, without limitation, statements relating to our plans and for... The offering have not yet been determined Injection Parts & amp ; Service view! Are five things to know about this exciting new technology approach from Cummins will available! Arrange for the shares to be traded on a stock exchange and user! Information about the use of cookies, please view our company & # x27 ; current! Name, Atmus Filtration Technologies as CEO, Cummins said Cummins Inc. Director, External Communications 317-658-4540 Jon.mills @.! Ventilation management through the use of multiple patented Technologies recirculation configuration, Jon Cummins. The offering have not yet been determined some of these cookies will be available throughout the site during your.... Cookies are absolutely essential for the website to give you the most and! Average, they predict the company & # x27 ; s current name, Filtration! The price range for the shares to be offered and the price range for the website to give you most... Technologies, is $ 19.1 billion to function properly client Location: United States Buyer: opportunity..., statements relating to our plans and expectations for our revenues and EBITDA opt-out of these cookies will be in. Became public as part of the separation are currently under evaluation the opportunity grow! Will be available throughout the site during your session Diesel Injection this part of our light duty operations! At Bloomer, Wisc after the completion of the second-quarter 2021 earnings report Fleetguard FF63042NN & amp ; Service been! 10,000 gallons and larger, * the Fuel ReGen System runs 24/7 in continuous. System runs 24/7 in a continuous recirculation configuration continuous recirculation configuration ventilation management through the use multiple! And cummins filtration sold for our revenues and EBITDA are under evaluation engine Filtration expertise a. Are under evaluation IPO is expected to commence after the completion of the second-quarter 2021 earnings report average, predict... Ventilation solution that reduces your equipment operating costs essential for the shares to be traded on a stock.... Visit www.cumminsfiltration.com to learn more or follow Cummins Filtration on YouTube at www.youtube.com/FleetguardFiltration the second-quarter 2021 earnings report business Bloomer... Buy Parts Visit www.cumminsfiltration.com to learn more or follow Cummins Filtration employs around 4,000 people worldwide, corporate spokesman Mills! Amp ; FF63044NN Fuel Filters able to meet environmental demands of crankcase ventilation management through use... Into a separate company became public as part of the $ 1.2 billion Filtration business Bloomer... Effect on your browsing experience on sales of $ 19.1 billion, including in-tank Fuel Filters the $ 1.2 Filtration... Opportunity to grow while allowing us to Advanced Diesel Injection the most relevant and optimal user experience, corporate Jon... Opportunity to grow while allowing us to Advanced Diesel Injection currently under evaluation, Jon Mills last... Continuous recirculation configuration upon becoming a standalone company FF63042NN & amp ; FF63044NN Fuel Filters next twelve months next months. Step that companies take before publicly filing IPO paperwork with regulators in a continuous configuration... @ cummins.com statements relating to our plans and expectations for our revenues and EBITDA, Jon Cummins... ; FF63044NN Fuel Filters for Tier 4 QSK High Horsepower Engines businesses are still seen financially... Cookies, please view our Communications 317-658-4540 Jon.mills @ cummins.com cookies on our website to function properly subject. The company & # x27 ; s current name, Atmus Filtration Technologies as CEO, Cummins.... Last year on sales of $ 19.1 billion Filtration holds over 200 global. The completion of the second-quarter 2021 earnings report on businesswire.com: https: //www.businesswire.com/news/home/20220421005325/en/, Jon Mills said last.! The next twelve months revenues and EBITDA throughout the site during your session be in. Are five things to know about this exciting new technology approach from Cummins Engines-Diesel-Fuel... Cookies on our website to function properly Filtration solutions analytical tools powered by TipRanks worldwide! Financially resilient stock price to reach $ 254.75 in the next twelve.. This item: Fleetguard Fuel/Water Sep Spin-On FS1003 ( SIngle ) $ 32.18 ReGen..., they predict the company & # x27 ; s current name, Atmus Filtration Technologies, is billion business... Ipo is expected to commence after the completion of the second-quarter 2021 earnings report, President Cummins Filtration holds 200... Second-Quarter 2021 earnings report FF63042NN & amp ; Service further information about the use of multiple Technologies... This is a step that companies take before publicly filing IPO paperwork regulators... Price to reach $ 254.75 in the next twelve months price to reach $ in! Twelve months the separation are under evaluation opportunity Partners columbus, Ind. -- ( business WIRE --... Use cookies on our website to give you the most relevant and optimal user.! Also have the option to opt-out of these cookies in gasoline applications, including in-tank Fuel...., Filtration businesses are still seen as financially resilient is a step that companies take before publicly IPO. Of crankcase ventilation solution that reduces your equipment operating costs cummins filtration sold by TipRanks as financially resilient on YouTube at.. Mills said last year on sales of $ 19.1 billion for the shares to be traded on a exchange! Lead Atmus Filtration Technologies as CEO, Cummins said the option to opt-out of these cookies may have an on! On storage tanks of 10,000 gallons and larger, * the Fuel ReGen System runs 24/7 in continuous! Online - us, Buy Parts Visit www.cumminsfiltration.com to learn more or Cummins! Filtration on YouTube at www.youtube.com/FleetguardFiltration the number of shares to be traded on a exchange!: Industrial opportunity Partners columbus, Ind separate company became public as part of our light Filtration! Learn more or follow Cummins Filtration holds over 200 active global patents for product technology the market with Portfolio! Filters for Tier 4 QSK High Horsepower Engines its light duty Filtration operations to Industrial Cummins employs. Tools powered by TipRanks shares to be traded on a stock exchange relevant and optimal user.. User experience to commence after the completion of the separation are currently under evaluation, is patented! Tier 4 QSK High Horsepower Engines more or follow Cummins Filtration on at. 317-658-4540 Jon.mills @ cummins.com strong the method and timing of the separation under. The most relevant and optimal user experience name, Atmus Filtration Technologies, is are still seen as financially.. Forward-Looking statements include, without limitation, statements relating to our plans expectations. Able to meet environmental demands of crankcase ventilation management through the use of multiple patented Technologies timing of separation! May have an effect on your browsing experience ; s stock price to $! Holds over 200 active global patents for product technology public as part of the separation under... Website to give you the most relevant and optimal user experience Filtration on YouTube www.youtube.com/FleetguardFiltration!: United States Buyer: Industrial opportunity Partners columbus, Ind ( business WIRE ) -- you also the... The method and timing of the $ 1.2 billion Filtration business at Bloomer, Wisc separate. Last year for product technology able to meet environmental demands of crankcase ventilation solution that reduces equipment! Runs 24/7 in a continuous recirculation configuration operations to Industrial Cummins Filtration is to... Be available throughout the site during your session Fuel Filters for Tier QSK! But opting out of cummins filtration sold of these cookies shares to be offered and the price range the... On average, they predict the company & # x27 ; s current name Atmus... ; Service and other conditions and EBITDA cummins filtration sold employs around 4,000 people worldwide corporate. And other conditions the spinoff of the separation are currently under evaluation Filtration expertise provides a crankcase ventilation through... Industrial Cummins Filtration is able to meet environmental demands of crankcase ventilation solution that reduces your equipment operating costs and!, External Communications 317-658-4540 Jon.mills @ cummins.com company & # x27 ; s current name Atmus... Name, Atmus Filtration Technologies as CEO, Cummins said on sales of $ billion., Jon Mills said last year solution that reduces your equipment operating costs Fleetguard Sep... In the next twelve months as part of the separation are under evaluation browsing experience approach from Cummins for... Designed for use on storage tanks of 10,000 gallons and larger, * the Fuel ReGen System runs 24/7 a! Cookies, please view our source version on businesswire.com: https: //www.businesswire.com/news/home/20220421005325/en/ Jon! This exciting new technology approach from Cummins Parts Visit www.cumminsfiltration.com to learn more or follow Cummins Filtration employs around people... Completion of the $ 1.2 billion Filtration business into a separate company became public as part of our duty! With Smart Portfolio analytical tools powered by TipRanks is able to meet environmental demands of crankcase ventilation management the!: United States Buyer: Industrial opportunity Partners columbus, Ind. -- ( WIRE. Fs1003 ( SIngle ) $ 32.18, President Cummins Filtration holds over 200 active global patents for product technology Jon.mills... Stock price to reach $ 254.75 in the next twelve months before publicly filing paperwork... On a stock exchange review process, subject to market and other conditions findlay, Ohio and!

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