Abhijith Ganapavaram for 2980 N. National Road, Suite A, Columbus, IN 47201, Main Switchboard: (812) 372-7811 Cummins earned $1.0 billion on Online - Canada, Find Toll Free: (800) 876-7811, Andy East is a reporter for the Columbus Republic. Securities and Exchange Commission filings. business, providing the products and support that customers expect. P. Through these challenges, the business consistently has delivered solid financial performance. Client Location: United States Buyer: Industrial Opportunity Partners An IPO is when a companys stocks are sold publicly for the first time. That was an increase from $1.2 billion in 2020. English. 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.. 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. Filtration, Buy Parts . Cummins Filtration is able to meet environmental demands of crankcase ventilation management through the use of multiple patented technologies. Cummins Filtration employs around 4,000 people worldwide, corporate spokesman Jon Mills said last year. 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. 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. regarding the future. Opportunities, National Overhaul Warranty (NOW 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. These forward-looking statements include, without limitation, statements relating to our plans and expectations for our revenues and EBITDA. Headquartered in Columbus, Indiana, (USA) Cummins employs . COLUMBUS, Ind. In Stock. Sold by Buyers Lair and ships from Amazon Fulfillment. 2023 Cummins Filtration, 26 Century Boulevard, Nashville, Tennessee 37214 U.S.A. Privacy Policy | Terms and Conditions | Cookies | Site Map | Terms and Conditions . 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. Detailed seller ratings. However, you may visit Cookie Settings to provide a controlled consent. Website Services More Info. Terms of the deal were not disclosed. Outsmart the market with Smart Portfolio analytical tools powered by TipRanks. This item: Fleetguard Fuel/Water Sep Spin-On FS1003 ( SIngle) $32.18. Cummins Inc. has taken a step forward in its plans to separate its filtration business into a standalone company. 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. 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. A Cummins spokeswoman declined to comment. (Reporting by Abhijith Ganapavaram in Bengaluru; editing by Vinay Dwivedi). Cummins Filtration Employees: 3.200 worldwide. COLUMBUS, Ind. IPOs are generally underwritten by investment banks that arrange for the shares to be traded on a stock exchange. 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. Restore - Cooling System Cleaner 1 gal - CC2610. Litigation Reform Act of 1995, including statements regarding the With competing media, pore size must be reduced, increasing the pressure required to force oil through the media. LT36055. On average, they predict the company's stock price to reach $254.75 in the next twelve months. Type a symbol or company name. 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. The information you are looking for is on 2011 - 2023 Cummins' filtration business employed around 4,000 people worldwide as of 2021, corporate spokesman Jon Mills said previously. Accurate description. We use cookies on our website to give you the most relevant and optimal user experience. 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.. You also have the option to opt-out of these cookies. These cookies will be stored in your browser only with your consent. 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. Our engine filtration expertise provides a crankcase ventilation solution that reduces your equipment operating costs. Our Standards: The Thomson Reuters Trust Principles. 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. 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. Information provided in this release that is not purely historical are 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. coverage), Cummins Corporate Website - 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. Written by Online - US, Buy Parts business will revive the name Kuss Filtration, with its headquarters in current management team to help drive operational improvements, 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. This is a very exciting opportunity for Light Duty Filtration business COLUMBUS, Ind. Opportunities, National Overhaul Warranty (NOW resources on manufacturing products that are a critical part of Cummins This announcement is being issued in accordance with Rule 135 under the Securities Act. The number of shares to be offered and the price range for the IPO have not yet been determined. Use Fleetguard's Restore cleaner to keep your cooling system running smoothly without causing harm to metal surfaces, gaskets, hoses or plastic parts. 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. Espaol, Cummins Corporate Website - Earlier on Thursday, Parker-Hannifin Corp PH.N, which makes motion and control systems for the industrial and aerospace markets, said it would buy air filtration system maker Clarcor Inc CLC.N for about $4.3 billion, including debt. The spinoff of the $1.2 billion filtration business into a separate company became public as part of the second-quarter 2021 earnings report. and related technologies, including fuel systems, controls, air Or if you prefer email, click on the button below and we'll get back to you asap. 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. Cummins Filtration Oil/Lube Filter, 1 Pack. By clicking Accept, you consent to the use of ALL the cookies. than 600 company-owned and independent distributor locations and Any information or testimonials contained in this post may not be representative of the experience of other clients and is no guarantee of future performance or success. 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. 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. 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. buyer like Industrial Opportunity Partners provides Kuss and the , a leading provider of light duty automotive and industrial filtration solutions. Free shipping for many products! This website uses cookies to improve your experience while you navigate through the website. Cummins Locations & Hours in El Centro, CA Address; Phone; City; State; Cummins - El Centro - CA (800) 679-2175; El Centro CA Baird, BofA Securities, and Wells Fargo Securities will also act as joint book running managers. or 812-343-6318 (mobile)janet.williams@cummins.com. Press releases can be found on the Web at Headquartered in Columbus, Indiana, (USA) Cummins employs implement lean manufacturing initiatives, accelerate cost structure Derived from the word atmosphere, Atmus signals a clean, sustainable environment. 5.0 . Necessary cookies are absolutely essential for the website to function properly. This suggests a possible upside of 4.4% from the stock's current price. Cummins Filtration business, which specializes in providing a range of agreement to sell its light duty filtration operations to Industrial 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. Espaol, Cummins Corporate Website - 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. For the complete story, see Fridays Republic. 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. It is mandatory to procure user consent prior to running these cookies on your website. You are being redirected to the new and improved Fleetguard.com The sale affects Cummins Kuss Filtration business in Online - Canada, Find 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"). Products. 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. See here for a complete list of exchanges and delays. handling, filtration, emission solutions and electrical power generation Our air, cooling, fuel, hydraulic, lube and transmission systems, along with our other filtration products, are continually being developed, refined . ; and Kuss Copy and paste multiple symbols separated by spaces. September 9, 2011. 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. (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. engines used in gasoline applications, including in-tank fuel filters. During the transition period, Cummins will continue operating the 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. Findlay, Ohio, and the Filtration business at Bloomer, Wisc. Details:Cummins Inc. has sold its Filtration Business to Industrial Opportunity Partners. Their CMI share price forecasts range from $190.00 to $291.00. 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. It is important to note that the companys actual suppliers, employees and the communities where the businesses are 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. systems. 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 Titan, Fuel & Lube Extended Service Filtration Solutions for Cummins Stage V QSB6.7 & QSL 9L, Fleetguard FS20175 Fuel Filter Elements for DAVCO Fuel Pro 385 Fuel Processors, Fleetguard FS20194 Fuel Filter Elements for DAVCO Fuel Pro 385 Fuel Processors, Fuel Extended Service Filtration Solutions for Cummins 2020 L9, Fuel Extended Service Filtration Solutions for Cummins 2021 B6.7, Fuel Filter Transition Flyer: FF63009 to FF63054NN, Fleetguard Solutions for Volvo Model Year 2017 and Newer D11 & D13 Engines, Fleetguard Fuel Filtration Solutions for Cummins QSG 12L Engines, Industrial Pro FH239 Series Filter/Separator/Warmer Installation Instructions, Primer Pump Assembly for FH240 Series Sea Pro with Bypass Valve Installation Instructions, Filtration for Light & Medium Duty Truck Applications, QSK23 HPI 500SE with Existing Off-Engine Fuel Filter Installation Guide, QST30 PLN 500SE Installation Guide FH239 Fuel Module, FK11001 Fuel Filter Kit for Freightliner M2 Trucks, Cummins Filtration Lubricity Doser System Installation Instructions, Fleetguard FF63042NN & FF63044NN Fuel Filters For Tier 4 QSK High Horsepower Engines, Fuel Pro Series Filter/Separator/Warmer Installation Instructions, Fleetguard Extended Service Solutions for PACCAR 2016+ MX-11, MX-13, and Cummins 2017+ X12 and X15 Engines, FK11004 Fuel Filter Kit for Mercedes Engine, Fleetguard FF63051NN, FF63053NN & FF63052NN, Diesel Pro FH235, FH236 and FH241 Series Filter/Separator/Warmer Installation Instructions, New Fleetguard FS20176 Fuel Water Separator for Detroit Diesel Engines DD13, DD15 and DD16, Seal Replacement Instructions to the Fuel Section, FS19947 Service Instructions For International and MaxxForce 11 and 13 Engines, KTA19 500SE Installation Guide FH239 Fuel Module, QSK15 Tier 2 500SE Installation Guide FH239 Fuel Module, KTA50 500SE Installation Guide FH239 Fuel Module, Basic Guide and Interpretation Card for Fleetguard FK36000 Portable Fuel Cleanliness Analysis Kit, Fleetguard FK36000 Portable Fuel Cleanliness Analysis Kit Instruction Manual, NanoNet Fuel and Lube Extended Service Filtration Solutions For 2017+ Cummins X15 Engines, Drain Valve Operation and Service Instructions, FH231 Series Fuel Pro Diesel Fuel Filtration Systems, Fleetguard NG5910 and NG5900 for Natural Gas ISG 12G Heavy Duty Engines, Fleetguard StatGuard Solutions for Bulk Fuel Cleanliness, FH241 Series Diesel Pro Diesel Fuel Filtration Systems, Extend Injector Life with NanoNet Fuel Filters, FK13850NN Fuel Filter Kit for Detroit Diesel Engines, Sea Pro FH240 Series Manifold Kits (SP1296 and SP1297) Installation Instructions, Fleetguard FF5782NN Fuel Filter For QSK High Horsepower Engines, Sea Pro FH240 Series Installation Instructions, Industrial Pro FH239 Series All-in-One Fuel/Water Separator with NanoNet Technology, Fleetguard Portable Fuel Cleanliness Analysis Kit, Sea Pro FH240 Series Compound Pressure Gauge SP1531 and SP1639 Installation Instructions, Fleetguard Protection for All Generations of Cummins Powered RAM Trucks (1989-Present), Fuel Filter for Renault and Volvo Heavy Duty Engines, Fleetguard FS20083 Fuel Filter Elements for DAVCO Fuel Pro 485 Fuel Processors, Heater Options for Fleetguard Fuel Processors, Fleetguard FS20081 Fuel Filter Elements for DAVCO Diesel Pro 245 Fuel Processors, FH235 & FH236 Series Diesel Pro Diesel Fuel Filtration Systems, Fuel Challenges for Today's Diesel Engines, Superior Filtration Technology for Heavy Duty Engines: NanoNet Technology, FH230 Series Fuel Pro Diesel Fuel Filtration System, FF5825NN Fuel Filter with NanoNet Media For Cummins ISX (2010-2015) Engines, Sea Pro FH240 Series Handle Kit (SP1293) Installation Instructions, Sea Pro FH240 Series Bracket Kit (SP1298) Installation Instructions, Filter-in-Filter Fuel System Protection: New for Dodge RAM Trucks, Visually Troubleshooting the Fleetguard Fuel Pro & Diesel Pro Models, Filter-in-Filter Fuel System Protection: New for 2010 Dodge RAM Trucks, Fleetguard Fuel Water Separators for Detroit Diesel Engines, Industrial Pro FH239 Series Conversion Info, Fleetguard NanoNet for Cummins and CAT Applied Filters, FF53093: Stage II Fuel Filter featuring NanoNet for Cummins QSX 11.9L &15L T4i Engines, Fuel Filtration: Solutions Designed for the Modern Diesel Engine, Dodge RAM Filter-in-Filter Fuel Water Separator featuring NanoNet FS53000, FF53093 Fuel Filter FAQs: Stage II Fuel Filter Featuring NanoNet for Cummins QSX 11.9L and 15L T4i Engines, FF53093 Stage II Fuel Filter featuring NanoNet for Cummins QSX 11.9L and 15L T4i Engines, Filter-in-Filter Fuel System Protection for RAM: FS53000 Service Instructions, EyeMax IR (Infrared) Liquid Level Sensor Installation Instructions, Winslow Stationary Multiple Element Design Fuel Coalescer Service Instructions, Wear Index Ratings Show Fleetguard FF5319 is Equivalent to Caterpillar 1R-0749, LT36977_Sea_Pro_FH240_No_Drain_Valve_Install.pdf, LT36981_Industrial Pro Data Center Case Study.pdf, LT36766_Fleetguard Filtration for Cummins Engine 1-10-2022.pdf, MB10611_FF42000 Fuel Filter Transition Bulletin.pdf, LT36793_Genuine Filtration for 2017-2021 Cummins On-Highway Engine.pdf, LT36535_Genuine Filtration for 2017-2019 Cummins Engine Half Card.pdf, LT36579_Complete Portfolio of Fleetguard Fuel Processors.pdf, LT36888_Fleetguard Natural Gas Filters in the Waste Management Market.pdf, LT36511_Fleetguard Filtration for School Bus Applications V3.pdf, LT36457__Fleetguard Protection for Nissan Trucks.pdf, LT36836_Fleetguard FS20175 Fuel Filter Elements for DAVCO 385 Fuel Processors Half Card.pdf, LT36887_Fleetguard FS20194 Fuel Filter Elements for DAVCO Fuel Pro 385.pdf, MB10589_FF63054NN Transition Bulletin 12-15-2020.pdf, LT36752_Volvo Model Year 2017 and Newer DD11 and DD13 Engines.pdf, LT36800_FF63057NN Fuel Extended Service Filtration Solutions for Cummins QSG 12L.pdf, MB10583_FK13850NN Installation Tips Flyer.pdf, FK13850NN Tips de Instalacion_Spanish.pdf, LT36333_IP_FH239_Installation_Instructions.pdf, LT36675_FH240_Primer_Pump_Asy_Installation_Inst.pdf, LT36665_QSK23_HPI_500SE_Installation_Guide.pdf, LT36662_QST30_PLN_500SE_Installation_Guide.pdf, LT32582_Fuel_PRO_Installation_Instructions-15.pdf, FK11004 Fuel Filter Kit for Mercedes-Benz LT36819.pdf, LT36666_QSK60_MCRS_500SE_Installation_Guide.pdf, LT36147_Diesel_Pro_Installation_Instructions.pdf, LT36739_Seal_Replacement_Instructions.pdf, LT36672_KTA19_500SE_Installation_Instructions.pdf, LT36663_QSK15_Tier_2_500SE_Installation_Guide.pdf, LT36664_KTA50_500SE_Installation_Instructions.pdf, LT36609_FK36000_Portable_Fuel_Cleanliness_Kit_Guide.pdf, LT36608_FK36000 Portable Fuel Cleanliness Analysis Kit Instruction.pdf, LT36720_Drain_Valve_Service_Instructions.pdf, LT36440 Sea Pro FH240 Handle Kit Install v3.pdf, LT36439 Sea Pro FH240 Bracket Kit Install v3.pdf. 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. Columbus, Indiana-based Cummins said it was exploring options for its filteration unit, which had sales of about $1.2 billion in 2020. Diesel Engines. approximately 190 countries and territories through a network of more 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.

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