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. 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.. Cummins' filtration business employed around 4,000 people worldwide as of 2021, corporate spokesman Jon Mills said previously. 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. We also use third-party cookies that help us analyze and understand how you use this website. Toll Free: (800) 876-7811, Andy East is a reporter for the Columbus Republic. Established in 1958, Cummins Filtration offers filtration products for trucks, off-highway industrial equipment and power generation systems. (Reporting by Abhijith Ganapavaram in Bengaluru; editing by Vinay Dwivedi). Online - Canada, Find 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. Baird, BofA Securities, and Wells Fargo Securities will also act as joint book running managers. cummins.com, National Overhaul Warranty (NOW coverage), Air 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.. It is important to note that the companys actual COLUMBUS, Ind. COLUMBUS, Ind.--(BUSINESS WIRE)-- Cummins Inc. (NYSE: CMI) today announced that its Filtration business has confidentially submitted a draft registration statement on Form S-1 with the U.S. Securities and Exchange Commission (the "SEC") for a proposed underwritten initial public offering (the "IPO") of newly issued common stock of the business in the United States. business will revive the name Kuss Filtration, with its headquarters in Visit store Contact. Sold by Buyers Lair and ships from Amazon Fulfillment. Cummins Filtration holds over 200 active global patents for product technology. Derived from the word atmosphere, Atmus signals a clean, sustainable environment. forward-looking statements within the meaning of the Private Securities 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. Layering capabilities also allow StrataPore to provide nearly 50% reduction of filter restriction during cold start. Chief Executive Officer of the new company. in Evanston, Ill. 1. buyer like Industrial Opportunity Partners provides Kuss and the Abhijith Ganapavaram for filtration products for diesel engines. The number of shares to be offered and the price range for the IPO have not yet been determined. Cummins Filtration CorporateHeadquarters: Cummins Employees: 50,00 worldwide Cummins Filtration Fuel Filter, 1 Pack $56.59 Fleetguard Oil Filter for Dodge Ram Cummins Engines Diesel $14.61 mopar 68197867ab 2016 ram fuel filter 68197867ab mopar fuel filter fleetguard fs1253 fleetguard fs20089 mopar 68157291aa fuel filter dodge ram 3500 fs53000 fleetguard Product Description This category only includes cookies that ensures basic functionalities and security features of the website. Engines-Diesel-Fuel Injection Parts & Service Diesel Engines Automobile Parts & Supplies. Our Standards: The Thomson Reuters Trust Principles. Restore - Cooling System Cleaner 1 gal - CC2610. Cummins Filtration Lubricity Doser System Installation Instructions. Detailed seller ratings. Client Location: United States Buyer: Industrial Opportunity Partners 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. Our air, cooling, fuel, hydraulic, lube and transmission systems, along with our other filtration products, are continually being developed, refined . 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. Espaol, Cummins Corporate Website - Reporting by Greg Roumeliotis in New York; Editing by Lisa Von Ahn. regarding the future. Reasonable shipping cost. Cummins ISC07 See more product details Frequently bought together Total price: $16.46 $32.04 When the symbol you want to add appears, add it to Watchlist by selecting it and pressing Enter/Return. Opportunity Partners, LLC, (IOP) a private equity investment firm based , a leading provider of light duty automotive and industrial filtration solutions. Written by Cummins and IOP are working to ensure a smooth transition for customers, Accurate description. 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. 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. 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. 49. 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. Findlay, Ohio, and the Filtration business at Bloomer, Wisc. Merchant, the current General Manager of the business, said that the new 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. Press releases can be found on the Web at engines used in gasoline applications, including in-tank fuel filters. It is mandatory to procure user consent prior to running these cookies on your website. Details:Cummins Inc. has sold its Filtration Business to Industrial Opportunity Partners. Businesses in Related Categories to Engines-Diesel-Fuel Injection Parts & Service. 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. 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. The companys current name, Atmus Filtration Technologies, is derived from atmosphere and reflects its purpose of creating a better future by protecting what is important, Cummins said. LT36839.pdf. Or if you prefer email, click on the button below and we'll get back to you asap. The information you are looking for is on suppliers, employees and the communities where the businesses are 5.0 . concentrate on markets that are core to Cummins long-range growth September 9, 2011. These cookies do not store any personal information. (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. Their CMI share price forecasts range from $190.00 to $291.00. 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. You'll now be able to see real-time price and activity for your symbols on the My Quotes of Nasdaq.com. to be able to work with IOP, who will be dedicated to invest and grow IOP will work with the On average, they predict the company's stock price to reach $254.75 in the next twelve months. approximately 6,000 dealer locations. 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. improvements and pursue growth opportunities.. Cummins Filtration Oil/Lube Filter, 1 Pack. Selling this part of our light duty filtration operations to a strong 2. Cummins Inc. (NYSE: CMI) announced today that it has entered into an 3. Columbus, Indiana-based Cummins said it was exploring options for its filteration unit, which had sales of about $1.2 billion in 2020. See how Cummins is powering a world thats always on by accessing news releases and more information at https://www.cummins.com/always-on. Opportunities, National Overhaul Warranty (NOW 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. 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"). current management team to help drive operational improvements, 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. 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. You are being redirected to the new and improved Fleetguard.com The method and timing of the separation are under evaluation.. LT36055. 2023 Cummins Filtration, 26 Century Boulevard, Nashville, Tennessee 37214 U.S.A. Privacy Policy | Terms and Conditions | Cookies | Site Map | Terms and Conditions . Information provided in this release that is not purely historical are Get it as soon as Wednesday, Mar 8. However, you may visit Cookie Settings to provide a controlled consent. 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 website uses cookies to improve your experience while you navigate through the website. approximately 190 countries and territories through a network of more 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. 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. Outsmart the market with Smart Portfolio analytical tools powered by TipRanks. Headquartered in Columbus, Indiana, (USA) Cummins employs This suggests a possible upside of 4.4% from the stock's current price. Filtration, Buy Parts 2011 - 2023 Cummins Locations & Hours in El Centro, CA Address; Phone; City; State; Cummins - El Centro - CA (800) 679-2175; El Centro CA These symbols will be available throughout the site during your session. For separating and retaining particles smaller than 4 m, the nanofibres in Cummins 100% synthetic NanoNet filter media allow filtration performance to be fine-tuned beyond meltblown, wet-laid cellulose or glass media products. operations in Sao Paulo, Brazil and Shanghai, China. But opting out of some of these cookies may have an effect on your browsing experience. Filtration, Buy Parts 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. 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