Our air, cooling, fuel, hydraulic, lube and transmission systems, along with our other filtration products, are continually being developed, refined . 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, The company announced Thursday that its filtration business. agreement to sell its light duty filtration operations to Industrial Inc. Investor Website, Search All 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. Cummins Inc. (NYSE: CMI) today announced that its Filtration business, Atmus Filtration Technologies, has filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission (the "SEC") for a proposed underwritten initial public offering (IPO) of newly issued common stock. Baird, BofA Securities, and Wells Fargo Securities will also act as joint book running managers. 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. 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. It is important to note that the companys actual companys expectations, hopes, beliefs and intentions on strategies 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. P. 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. 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. Written by 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. Selling this part of our light duty filtration operations to a strong Securities and Exchange Commission filings. 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. Filtration, Buy Parts These cookies do not store any personal information. www.cummins.com. Headquartered in Columbus, Indiana, (USA) Cummins employs . (Reporting by Abhijith Ganapavaram in Bengaluru; editing by Vinay Dwivedi). Chief Executive Officer of the new company. The number of shares to be offered and the price range for the IPO have not yet been determined. An IPO is when a companys stocks are sold publicly for the first time. regarding the future. Their CMI share price forecasts range from $190.00 to $291.00. current management team to help drive operational improvements, Reasonable shipping cost. In Stock. Tuesdays regulatory filing with the SEC shows that Atmus had $1.56 billion in net sales in 2022, with 51% of sales coming from U.S. and Canadian markets. Espaol, Cummins Corporate Website - 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. Disher began leading the Filtration business in August 2020, navigating the business during the global pandemic and related ongoing supply chain constraints. Online - US, Buy Parts Opportunity Partners, LLC, (IOP) a private equity investment firm based COLUMBUS, Ind.--(BUSINESS WIRE)-- Opportunities, National Overhaul Warranty (NOW Cummins Inc. has entered into an agreement to sell its light duty filtration operations to Industrial Opportunity Partners LLC, (IOP) a private equity . 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. We use cookies on our website to give you the most relevant and optimal user experience. 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. 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. 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. 2023 Cummins Inc., Box 3005, Columbus, IN 47202-3005 U.S.A. This website uses cookies to improve your experience while you navigate through the website. 3.6K Items sold. Cummins Filtration holds over 200 active global patents for product technology. implement lean manufacturing initiatives, accelerate cost structure approximately 190 countries and territories through a network of more Cummins Inc.Janet Williams, Director - Corporate Communications,317-610-2488 Documents Online, Cummins 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. 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.. Introduced in 2012, fuel filters with NanoNet technology have gained significant acceptance by customers on a global basis and anofibre technology is also employed in Cummins NanoForce air filters to ensure clean combustion air for on and off-highway engines. These symbols will be available throughout the site during your session. the business, said Hasnain Merchant, a current Cummins executive and 2011 - 2023 Steph Disher will continue to lead Atmus Filtration Technologies as CEO, Cummins said. Information provided in this release that is not purely historical are He can be reached at 812-379-5712 or by email at, Cummins filtration files for stock offering, In love with the arts theme fits city bands associate director, Editorial: Racial wealth gap simulation can improve equity, Myers is newest member of Columbus Regional Health police department, Senators debate ban on inappropriate library materials for minors, bill would allow teachers and librarians to be criminally charged, Sheriff deputy arrests two on drug-related charges. Derived from the word atmosphere, Atmus signals a clean, sustainable environment. 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. IOP will work with the 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. $32.04. 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. COLUMBUS, Ind. Cummins' filtration business employed around 4,000 people worldwide as of 2021, corporate spokesman Jon Mills said previously. 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. 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. See how Cummins is powering a world thats always on by accessing news releases and more information at https://www.cummins.com/always-on. forward-looking statements because of a number of factors, including, Approved by Cummins as the preferred product for cleaning oil contaminated cooling systems under warranty maintenance. You are being redirected to the new and improved Fleetguard.com Cummins filtration business employed around 4,000 people worldwide as of 2021, corporate spokesman Jon Mills said previously. 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. 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. than 600 company-owned and independent distributor locations and 2023 Cummins Filtration, 26 Century Boulevard, Nashville, Tennessee 37214 U.S.A. That was an increase from $1.2 billion in 2020. 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 Cummins. Through these challenges, the business consistently has delivered solid financial performance. improvements and pursue growth opportunities.. 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. We also use third-party cookies that help us analyze and understand how you use this website. Details:Cummins Inc. has sold its Filtration Business to Industrial Opportunity Partners. plans, said Joseph Saoud, President Cummins Filtration. or 812-343-6318 (mobile)janet.williams@cummins.com. , 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. Findlay, Ohio, and the Filtration business at Bloomer, Wisc. For the complete story, see Fridays Republic. 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. Restore - Cooling System Cleaner 1 gal - CC2610. LT36839.pdf. The sale affects Cummins Kuss Filtration business in Cummins Filtration Oil/Lube Filter, 1 Pack. Cummins Inc., a global power leader, is a corporation of complementary Merchant, the current General Manager of the business, said that the new 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. In Columbus, Indiana, ( USA ) Cummins employs through the website uses cookies to improve experience. Global patents for product technology a companys stocks are sold publicly for the IPO have not yet been.... We use cookies on our website to give you the most relevant and optimal user experience delivered... 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