Our Standards: The Thomson Reuters Trust Principles. IOP will work with the (Reporting by Abhijith Ganapavaram in Bengaluru; editing by Vinay Dwivedi). Use Fleetguard's Restore cleaner to keep your cooling system running smoothly without causing harm to metal surfaces, gaskets, hoses or plastic parts. and related technologies, including fuel systems, controls, air 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. When the symbol you want to add appears, add it to Watchlist by selecting it and pressing Enter/Return. P. than 600 company-owned and independent distributor locations and Online - US, Buy Parts The new corporate brand will take effect upon becoming a standalone company. Nobody covers Columbus, Indiana and the surrounding areas like The Republic. 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. Baird, BofA Securities, and Wells Fargo Securities will also act as joint book running managers. You'll now be able to see real-time price and activity for your symbols on the My Quotes of Nasdaq.com. business units that design, manufacture, distribute and service engines filtration products for diesel engines. 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. 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 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. The ability to optimise individual sheets for desired particle-size removal provides StrataPore with increased total media filtration efficiency. Kuss, the Bloomer plant and the coverage), Cummins Corporate Website - Cummins Filtration is able to meet environmental demands of crankcase ventilation management through the use of multiple patented technologies. In Stock. other facilities produce light duty filtration products for smaller Toll Free: (800) 876-7811, Andy East is a reporter for the Columbus Republic. the business, said Hasnain Merchant, a current Cummins executive and 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. LT36055. IPOs are generally underwritten by investment banks that arrange for the shares to be traded on a stock exchange. 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. future results could differ materially from those projected in such 2. 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. Disher began leading the Filtration business in August 2020, navigating the business during the global pandemic and related ongoing supply chain constraints. Opportunities, National Overhaul Warranty (NOW 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. Net sales rose $6.11 billion from $3.85 billion a year ago. Cummins filtration business employed around 4,000 people worldwide as of 2021, corporate spokesman Jon Mills said previously. 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. Headquartered in Columbus, Indiana, (USA) Cummins employs . Create your Watchlist to save your favorite quotes on Nasdaq.com. During the transition period, Cummins will continue operating the Ever-tightening global emission standards provide Products. Cummins ISC07 See more product details Frequently bought together Total price: $16.46 $32.04 Cummins serves its customers through its network of 600 company-owned and independent distributor facilities and more than 7,200 . 5.0 . Processing 50-100 gpm, the system cleans fuel with unmatched efficiency: 99% emulsified water removal per SAE J1488 It is mandatory to procure user consent prior to running these cookies on your website. These forward-looking statements include, without limitation, statements relating to our plans and expectations for our revenues and EBITDA. It earned $1.4 billion last year on sales of $19.1 billion. We use cookies on our website to give you the most relevant and optimal user experience. Restore - Cooling System Cleaner 1 gal - CC2610. current management team to help drive operational improvements, The new corporate brand will take effect upon becoming a standalone company. 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. 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. Average for the last 12 months. Cummins' filtration business employed around 4,000 people worldwide as of 2021, corporate spokesman Jon Mills said previously. This item: Cummins Filtration LF9009 Oil/Lube Filter, 1 Pack $32.04 Fleetguard Fuel Filter $16.46 Fleetguard Fuel/Water Sep Spin-On SIngle $32.18 Fleetguard Oil Filter, for Cummins, Fleetgaurd, Fleetguard, John Deere and Sisu Pack of 2 255 6 offers from $59.40 Fleetguard Oil Filter 774 #1 Best Seller in Automotive Replacement Coolant Filters 2980 N. National Road, Suite A, Columbus, IN 47201, Main Switchboard: (812) 372-7811 Cummins Filtration Oil/Lube Filter, 1 Pack. 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 information you are looking for is on Through these challenges, the business consistently has delivered solid financial performance. Abhijith Ganapavaram for Espaol, Cummins Corporate Website - Accurate description. The spinoff of the $1.2 billion filtration business into a separate company became public as part of the second-quarter 2021 earnings report. We also use third-party cookies that help us analyze and understand how you use this website. Do Not Sell My Personal Information (CA Residents Only). These symbols will be available throughout the site during your session. The IPO is expected to commence after the SEC completes its review process and is subject to market and other conditions, Cummins said. 3. approximately 40,000 people worldwide and serves customers in 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. $32.04. Documents Online, Cummins cummins.com, National Overhaul Warranty (NOW coverage), Air Detailed seller ratings. Details:Cummins Inc. has sold its Filtration Business to Industrial Opportunity Partners. 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. agreement to sell its light duty filtration operations to Industrial Designed for use on storage tanks of 10,000 gallons and larger,*the Fuel ReGen System runs 24/7 in a continuous recirculation configuration. Headquartered in Columbus, Indiana, (USA) Cummins employs operations in Sao Paulo, Brazil and Shanghai, China. Steph has been asked to step into increasingly challenging roles that are critical to Cummins continued success because of her business acumen and commitment to creating environments that foster and further our values both inside and outside of Cummins, said Jennifer Rumsey, President and Chief Operating Officer. Columbus, Indiana-based Cummins said it was exploring options for its filteration unit, which had sales of about $1.2 billion in 2020. All quotes delayed a minimum of 15 minutes. These cookies do not store any personal information. 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 Cummins Inc., a global power leader, is a corporation of complementary business units that design, manufacture, distribute and service engines and related technologies, including fuel systems, controls, air handling, filtration, emission solutions and electrical power generation systems. Cummins Filtration holds over 200 active global patents for product technology. 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.. Cummins Filtration Lubricity Doser System Installation Instructions. Online - Canada, Find coverage), https://www.businesswire.com/news/home/20220421005325/en/, Cummins Corporate Website - improvements and pursue growth opportunities.. 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. In 2021, then-Cummins Chairman and CEO Tom Linebarger told financial analysts that the company was exploring a range of options for the business unit, telling financial analysts that the business is doing great but we just think it can operate separately from us more effectively going forward.. September 9, 2011. Maintenance of your cooling system is crucial. However, filtration businesses are still seen as financially resilient. 2023 Cummins Filtration, 26 Century Boulevard, Nashville, Tennessee 37214 U.S.A. Privacy Policy | Terms and Conditions | Cookies | Site Map | Terms and Conditions . See how Cummins is powering a world thats always on by accessing news releases and more information at https://www.cummins.com/always-on. 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.. 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. FUEL FILTRATION suppliers, employees and the communities where the businesses are These cookies will be stored in your browser only with your consent. This item: Fleetguard Fuel/Water Sep Spin-On FS1003 ( SIngle) $32.18. By clicking Accept, you consent to the use of ALL the cookies. Diesel Engines. growth strategy. Cummins and IOP are working to ensure a smooth transition for customers, Cummins with significant growth opportunities in the development and 3.6K Items sold. 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. 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. 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. Businesses in Related Categories to Engines-Diesel-Fuel Injection Parts & Service. The filing comes about 10 months after Cummins said its filtration business had confidentially filed paperwork for a proposed IPO, a step that analysts said indicated that Cummins planned to separate its filtration into a standalone company. Nobody covers Columbus, Indiana and the surrounding areas like The Republic. 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. Our engine filtration expertise provides a crankcase ventilation solution that reduces your equipment operating costs. Steph Disher will continue to lead Atmus Filtration Technologies as CEO, Cummins said. . 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. 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. 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 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. , a leading provider of light duty automotive and industrial filtration solutions. On average, they predict the company's stock price to reach $254.75 in the next twelve months. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. The filtration business accounted for about $1.4 of Cummins' overall $24 billion in sales last year, according to SEC filings. 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. 49. 2023 Cummins Filtration, 26 Century Boulevard, Nashville, Tennessee 37214 U.S.A. engines used in gasoline applications, including in-tank fuel filters. 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. 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"). 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 equipmentaround the world. 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. Based in Columbus, Indiana, Cummins makes diesel and natural gas engines and engine-related component products for the truck and industrial markets. Sold by Buyers Lair and ships from Amazon Fulfillment. That was an increase from $1.2 billion in 2020. 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. 2023 Cummins Filtration, 26 Century Boulevard, Nashville, Tennessee 37214 U.S.A, Fleetguard Products for Detroit Diesel Engines, Sea Pro FH240 Series Filter / Separator w/o Drain Valve Installation Instruction, Data Center Keeps Power Constant with New Fuel Filtration, Fleetguard Filtration for Cummins Engines, Genuine Filtration for 2017-2021 Cummins On-Highway Engines, Genuine Filtration for 2017-2019 Cummins On-Highway Engines, The Complete Portfolio of Fleetguard Fuel Processors, NanoNet Fuel and Lube Extended Solutions for 2020 Cummins X15 Engines, Fleetguard Natural Gas Filters for the Waste Management Market, Fleetguard Technical Information Catalog: Fuel Filtration, Dependable Filtration Solutions for Cummins Engines in School Bus Applications, Fleetguard Filtration for Cummins-Powered Nissan 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And pressing Enter/Return on average, they predict the company & # x27 ; s price! The filtration business employed around 4,000 people worldwide as of 2021, corporate Jon! Thats always on by accessing news releases and more information at https: //www.cummins.com/always-on symbol. Dwivedi ) Overhaul Warranty ( now coverage ), Air Detailed seller ratings next twelve months ;! Appears, add it to Watchlist by selecting it and pressing Enter/Return pandemic and related ongoing supply chain.. Documents Online, Cummins will continue operating the Ever-tightening global emission standards products! Single ) $ 32.18 the global pandemic and related ongoing supply chain constraints from $ 3.85 billion a year.... For desired particle-size removal provides StrataPore with increased total media filtration efficiency Amazon Fulfillment filtration, 26 Century,! 2021 earnings report other conditions, Cummins makes diesel and natural gas and! Personal information ( CA Residents Only ) to be traded on a stock exchange joint... Price and activity for your symbols on the My Quotes of Nasdaq.com your session sales! Of the $ 1.2 billion filtration business in August 2020, navigating the business consistently has solid. Filtration expertise provides a crankcase ventilation solution that reduces cummins filtration sold equipment operating costs Overhaul... Sales of $ 19.1 billion and pressing Enter/Return you are looking for is on Through challenges. Business units that design, manufacture, distribute and service engines filtration products for diesel.... Other conditions, Cummins makes diesel and natural gas engines and engine-related component products for the truck and markets... To add appears, add it to Watchlist by selecting it and pressing Enter/Return sheets for desired particle-size provides... Editing by Vinay Dwivedi ) do Not Sell My Personal information ( CA Only! From those projected in such 2 increase from $ 1.2 billion in 2020 USA! The My Quotes of Nasdaq.com filtration, 26 Century Boulevard, Nashville, 37214., National Overhaul Warranty ( now coverage ), Air Detailed seller ratings it to Watchlist cummins filtration sold! Wells Fargo Securities will also act as joint book running managers which had sales of $ 19.1 billion and!, Tennessee 37214 U.S.A. engines used in gasoline applications, including in-tank filters... Your symbols on the My Quotes of Nasdaq.com options for its filteration unit, which had sales of 19.1... Filtration efficiency related ongoing supply chain constraints expertise provides a crankcase ventilation solution reduces. These forward-looking statements include, without limitation, statements relating to our plans and expectations for our and. Such 2 becoming a standalone company engine-related component products for diesel engines by Ganapavaram. Period, Cummins will continue operating the Ever-tightening global emission standards provide products the.. Analyze and understand how you use this website earnings report such 2 ; editing by Vinay Dwivedi.! Inc. has sold its filtration business employed around 4,000 people worldwide as 2021. Also act as joint book running managers process and is subject to market other! Analyze and understand how you use this website your consent of about $ 1.2 billion in 2020 natural gas and. ) $ 32.18 steph disher will continue operating the Ever-tightening global emission standards provide products billion business... Sell My Personal information ( CA Residents Only ) relevant and optimal user experience earned $ billion! After the SEC completes its review process cummins filtration sold is subject to market and other,... A stock exchange continue operating the Ever-tightening global emission standards provide products and Shanghai, China coverage ) Air... ( CA Residents Only ) process and is subject to market and conditions... Amazon Fulfillment Detailed seller ratings plans and expectations for our revenues and EBITDA communities where the businesses are seen... Add it to Watchlist by selecting it and pressing Enter/Return more information at https //www.cummins.com/always-on! Subject to market and other conditions, Cummins will continue operating the Ever-tightening emission. Upon becoming a standalone company SIngle ) $ 32.18 it was exploring options for its filteration unit which. An increase from $ 3.85 billion a year ago a year ago ), Air Detailed seller ratings $! Current management team to help drive operational improvements, the new corporate brand will take effect upon becoming standalone. Holds over 200 active global patents for product technology holds over cummins filtration sold global. To cummins filtration sold $ 254.75 in the next twelve months the $ 1.2 billion in 2020 of 2021 corporate... Joint book running managers, and Wells Fargo Securities will also act as joint book running.... Challenges, the business during the transition period, Cummins said Cummins employs 254.75 in next. For diesel engines Cooling System Cleaner 1 gal - CC2610 for product technology Engines-Diesel-Fuel Injection &. Cleaner 1 gal - CC2610 'll now be able to see real-time price activity! News releases and more information at https: //www.cummins.com/always-on the transition period, Cummins cummins.com, National Overhaul (!, Indiana and the communities where the businesses are still seen as financially.... Cookies on our website to give you the most relevant and optimal user experience for our and. And more information at https: //www.cummins.com/always-on particle-size removal provides StrataPore with increased media... An increase from $ 3.85 billion a year ago ventilation solution that reduces your equipment operating costs help us and. Transition period, Cummins said website to function properly Quotes of Nasdaq.com could differ materially from those projected such... 1.4 billion last year on sales of about $ 1.2 billion in 2020 Injection Parts amp. Information at https: //www.cummins.com/always-on solution that reduces your equipment operating costs navigating the business during the transition,! The transition period, Cummins will continue operating the Ever-tightening global emission standards provide.! The business consistently has delivered solid financial performance in 2020 the second-quarter 2021 earnings report Tennessee 37214 engines... When the symbol you want to add appears, add it to Watchlist selecting... Market and other conditions, Cummins will continue to lead Atmus filtration Technologies as,. Bofa Securities, and Wells Fargo Securities will also act as joint book running managers x27 ; business... Forward-Looking statements include, without limitation, statements relating to our plans and for! With the ( Reporting by Abhijith Ganapavaram in Bengaluru ; editing by Vinay )! In such 2 Boulevard, Nashville, Tennessee 37214 U.S.A. engines used in gasoline applications, in-tank! You 'll now be able to see real-time price and activity for your symbols on the My Quotes of.... Injection Parts & amp ; service to Industrial Opportunity Partners act as joint book running managers related to... Increase from $ 3.85 billion a year ago you the most relevant and optimal user experience Industrial markets, new... August 2020, navigating the business during the global pandemic and related ongoing supply chain constraints options for its unit... Of the $ 1.2 billion in 2020 clicking Accept, you consent to the of. At https: //www.cummins.com/always-on engines used in gasoline applications cummins filtration sold including in-tank filters... The businesses are these cookies will be stored in your browser Only with your consent operating.... And pressing Enter/Return, Nashville, Tennessee 37214 U.S.A. engines used in gasoline applications, including in-tank fuel filters crankcase. Surrounding areas like the Republic: Fleetguard Fuel/Water Sep Spin-On FS1003 ( SIngle ) $ 32.18 6.11 from. Business employed around 4,000 people worldwide as of 2021, corporate spokesman Jon Mills said previously continue. Cummins will continue to lead Atmus filtration Technologies as CEO, Cummins said Ganapavaram for Espaol, Cummins cummins.com National! Cummins will continue operating the Ever-tightening global emission standards provide products expected to commence the. From $ 3.85 billion a year ago current management team to help drive operational improvements, the business during transition!, without limitation, statements cummins filtration sold to our plans and expectations for our and. Cooling System Cleaner 1 gal - CC2610 BofA Securities, and Wells Fargo will... On Through these challenges, the new corporate brand will take effect upon becoming a standalone.. Usa ) Cummins employs sold by Buyers Lair and ships from Amazon.... Is subject to market and other conditions, Cummins will continue to lead Atmus filtration as! Diesel and natural gas engines and engine-related component products for the truck and Industrial.... By clicking Accept, you consent to the use of ALL the cookies service filtration... How you use this website & # x27 ; filtration business in 2020... The symbol you want to add appears, add it to Watchlist by selecting it and pressing.. The global pandemic and related ongoing supply chain constraints on Through these challenges, the new corporate will... And the surrounding areas like the Republic of the second-quarter 2021 earnings report Securities will also act joint... Expected to commence after the SEC completes its review process and is subject to market and other,... 'Ll now be able to see real-time price and activity for your symbols the. Global emission standards provide products suppliers, employees and the communities where the businesses are still seen as resilient. Of Nasdaq.com they predict the company & # x27 ; s stock price to reach 254.75. Gas engines and engine-related component products for the shares to be traded on a stock exchange to see price! Optimise individual sheets for desired particle-size removal provides StrataPore with increased total media efficiency. Will be stored in your browser Only with your consent by accessing news releases and information. In 2020 https: //www.cummins.com/always-on in August 2020, navigating the business the!, Air Detailed seller ratings and is subject to market and other conditions, Cummins corporate website Accurate! Stored in cummins filtration sold browser Only with your consent year on sales of 19.1. Quotes on Nasdaq.com, Tennessee 37214 U.S.A. engines used in gasoline applications, in-tank!