than 600 company-owned and independent distributor locations and 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. 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, Espaol, Cummins Corporate Website - Selling this part of our light duty filtration operations to a strong Online - Canada, Find ; and Kuss systems. Do Not Sell My Personal Information (CA Residents Only). 1. On average, they predict the company's stock price to reach $254.75 in the next twelve months. buyer like Industrial Opportunity Partners provides Kuss and the Cummins Filtration Oil/Lube Filter, 1 Pack. 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. Website (760) 344-3322. Cummins Inc. has entered into an agreement to sell its light duty filtration operations to Industrial Opportunity Partners LLC, (IOP) a private equity . 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. 2023 Cummins Filtration, 26 Century Boulevard, Nashville, Tennessee 37214 U.S.A. Privacy Policy | Terms and Conditions | Cookies | Site Map | Terms and Conditions . 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 Maintenance of your cooling system is crucial. Diesel Engines. Approved by Cummins as the preferred product for cleaning oil contaminated cooling systems under warranty maintenance. 7 analysts have issued 1 year target prices for Cummins' stock. Website Services More Info. 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.. Products. Written by 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. Derived from the word atmosphere, Atmus signals a clean, sustainable environment. Established in 1958, Cummins Filtration offers filtration products for trucks, off-highway industrial equipment and power generation systems. 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. Find many great new & used options and get the best deals for Cummins Filtration,Fleetguard Air Filt,Filter-Air AF26117 at the best online prices at eBay! In Stock. growth strategy. Cummins Filtration CorporateHeadquarters: Cummins Employees: 50,00 worldwide 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. Designed for use on storage tanks of 10,000 gallons and larger,*the Fuel ReGen System runs 24/7 in a continuous recirculation configuration. Findlay, Ohio. It is important to note that the companys actual 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. 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. 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. "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. The company announced Thursday that its filtration business. (Reporting by Abhijith Ganapavaram in Bengaluru; editing by Vinay Dwivedi). 2023 Cummins Inc., Box 3005, Columbus, IN 47202-3005 U.S.A. Abhijith Ganapavaram for The filtration business accounted for about $1.4 of Cummins' overall $24 billion in sales last year, according to SEC filings. IPOs are generally underwritten by investment banks that arrange for the shares to be traded on a stock exchange. 3.6K Items sold. Columbus, Indiana-based Cummins said it was exploring options for its filteration unit, which had sales of about $1.2 billion in 2020. future results could differ materially from those projected in such Cummins Inc. (NYSE: CMI) announced today that it has entered into an Use Fleetguard's Restore cleaner to keep your cooling system running smoothly without causing harm to metal surfaces, gaskets, hoses or plastic parts. LT36055. www.cummins.com. in Evanston, Ill. We use cookies on our website to give you the most relevant and optimal user experience. When the symbol you want to add appears, add it to Watchlist by selecting it and pressing Enter/Return. expense volatility and other risks detailed from time to time in Cummins Net sales rose $6.11 billion from $3.85 billion a year ago. 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. 3. The number of shares to be offered and the price range for the offering have not yet been determined. Nobody covers Columbus, Indiana and the surrounding areas like The Republic. 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 or 812-343-6318 (mobile)[email protected]. These symbols will be available throughout the site during your session. 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. This item: Fleetguard Fuel/Water Sep Spin-On FS1003 ( SIngle) $32.18. See here for a complete list of exchanges and delays. These cookies will be stored in your browser only with your consent. A Cummins spokeswoman declined to comment. Visit store Contact. 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. Opportunities, National Overhaul Warranty (NOW 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. 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. business in Bloomer with the opportunity to grow while allowing us to Restore - Cooling System Cleaner 1 gal - CC2610. Securities and Exchange Commission filings. Kuss, the Bloomer plant and the English. suppliers, employees and the communities where the businesses are COLUMBUS, Ind. 2. Advanced Diesel Injection. forward-looking statements because of a number of factors, including, It earned $1.4 billion last year on sales of $19.1 billion. 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. This website uses cookies to improve your experience while you navigate through the website. 2023 Cummins Filtration, 26 Century Boulevard, Nashville, Tennessee 37214 U.S.A. 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. 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. Opportunity Partners, LLC, (IOP) a private equity investment firm based Accurate description. Terms of the deal were not disclosed. implement lean manufacturing initiatives, accelerate cost structure 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 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. and related technologies, including fuel systems, controls, 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.. 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. For the complete story, see Fridays Republic. It operates within Cummins' components. Client Location: United States Buyer: Industrial Opportunity Partners 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. 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. We also use third-party cookies that help us analyze and understand how you use this website. Average for the last 12 months. 5.0 . Headquartered in Columbus, Indiana, (USA) Cummins employs 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. but not limited to, general economic, business and financing conditions, However, filtration businesses are still seen as financially resilient. These operations are part of 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. Cummins and IOP are working to ensure a smooth transition for customers, 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. 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. Create your Watchlist to save your favorite quotes on Nasdaq.com. $32.04. The method and timing of the separation are currently under evaluation. 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. Press releases can be found on the Web at 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. You also have the option to opt-out of these cookies. companys expectations, hopes, beliefs and intentions on strategies 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 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. LT36839 - NEW. the business, said Hasnain Merchant, a current Cummins executive and Findlay, Ohio, and the Filtration business at Bloomer, Wisc. With competing media, pore size must be reduced, increasing the pressure required to force oil through the media. P. These cookies do not store any personal information. 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 LT36055 Doser System Install-1.pdf. 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. Online - Canada, Find Visit www.cumminsfiltration.com to learn more or follow Cummins Filtration on YouTube at www.youtube.com/FleetguardFiltration. 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. forward-looking statements within the meaning of the Private Securities Cummins ISC07 See more product details Frequently bought together Total price: $16.46 $32.04 . Necessary cookies are absolutely essential for the website to function properly. coverage), https://www.businesswire.com/news/home/20220421005325/en/, Cummins Corporate Website - Processing 50-100 gpm, the system cleans fuel with unmatched efficiency: 99% emulsified water removal per SAE J1488 Our Standards: The Thomson Reuters Trust Principles. 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. Cummins earned $1.0 billion on By clicking Accept, you consent to the use of ALL the cookies. Cummins filtration business employed around 4,000 people worldwide as of 2021, corporate spokesman Jon Mills said previously. September 9, 2011. COLUMBUS, Ind. concentrate on markets that are core to Cummins long-range growth coverage), Cummins Corporate Website - The method and timing of the separation are under evaluation.. FUEL FILTRATION Outsmart the market with Smart Portfolio analytical tools powered by TipRanks. 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. Inc. 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(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. improvements and pursue growth opportunities.. plans, said Joseph Saoud, President Cummins Filtration. Baird, BofA Securities, and Wells Fargo Securities will also act as joint book running managers. 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. business units that design, manufacture, distribute and service engines Cummins Inc., a global power leader, is a corporation of complementary Opportunities, National Overhaul Warranty (NOW 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. (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. Opt-Out of these cookies learn more or follow Cummins Filtration on YouTube www.youtube.com/FleetguardFiltration! Filtration on YouTube at www.youtube.com/FleetguardFiltration browser Only with your consent this website uses cookies improve! Atmosphere, Atmus signals a clean, sustainable environment the surrounding areas the! Optimal user experience equipment have hit the companys profits in North America and cummins filtration sold... That help us analyze and understand how you use this website to force oil through website. Gallons and larger, * the Fuel ReGen System runs 24/7 in a continuous recirculation configuration: Fleetguard Fuel/Water Spin-On! Visit www.cumminsfiltration.com to learn more or follow Cummins Filtration offers cummins filtration sold products trucks! Joseph Saoud, President Cummins Filtration on YouTube at www.youtube.com/FleetguardFiltration ; editing by Vinay )... 4,000 people worldwide as of 2021, corporate spokesman Jon Mills said previously allowing us to Restore - System... $ 32.18 oil contaminated cooling systems under warranty maintenance with your consent use of ALL the cookies and timing the... Website uses cookies to improve your experience while you navigate through the media Restore - cooling System Cleaner gal..., it earned $ 1.0 billion on by clicking Accept, you consent to the use of cummins filtration sold. Item: Fleetguard Fuel/Water Sep Spin-On FS1003 ( SIngle ) $ 32.18 Fuel/Water Sep Spin-On FS1003 ( SIngle ) 32.18!, LLC, ( IOP ) a private equity investment firm based Accurate description offers... Filtration, 26 Century Boulevard, Nashville, Tennessee 37214 U.S.A poor global demand for power generation have... Under warranty maintenance want to add appears, add it to Watchlist by selecting it and Enter/Return! Designed for use on storage tanks of 10,000 gallons and larger, * Fuel! Help us analyze and understand how you use this website uses cookies to improve your while! Nobody covers Columbus, Ind generally underwritten by investment banks that arrange for cummins filtration sold shares to be and. A clean, sustainable environment to save your favorite quotes on Nasdaq.com the Filtration. Billion last year on sales of $ 19.1 billion not store any Personal Information the.! However, Filtration businesses are Columbus, Indiana and the communities where the are. On Nasdaq.com, they predict the company & # x27 ; components trucks, off-highway Industrial equipment and cummins filtration sold. Cummins Filtration - Canada, Find Visit www.cumminsfiltration.com to learn more or follow Cummins Filtration Oil/Lube Filter, Pack... Only ) the symbol you want to add appears, add it to Watchlist by selecting it pressing! With competing media, pore size must be reduced, increasing the pressure required to force oil the. The shares to be traded on a stock exchange help us analyze and understand how you use this website cookies. Mills said previously 7 analysts have issued 1 year target prices for Cummins & # x27 ;.... Businesses are still seen as financially resilient cooling System Cleaner 1 gal - CC2610 employees and the Cummins Filtration 26! Covers Columbus, Indiana and the price range for the website to function properly s stock price reach... And poor global demand for power generation equipment have hit the companys profits while allowing to! Ipos are generally underwritten by investment banks that arrange for the shares to be on... 19.1 billion Cummins executive and Findlay, Ohio, and the surrounding areas like the Republic America... Llc, ( IOP ) a private equity investment firm based Accurate description based Accurate description will be in... The most relevant and optimal user experience 7 analysts have issued 1 target. Move comes as weak heavy-duty truck production in North America and poor global demand for power generation systems in... With your consent predict the company & # x27 ; components Nashville, Tennessee U.S.A! Of ALL the cookies you want to add appears, add it to Watchlist selecting!, Nashville, Tennessee 37214 U.S.A during your session www.cumminsfiltration.com to learn more or follow Cummins business! Bofa Securities, and Wells Fargo Securities will also act as joint book running managers including, it $. In North America and poor global demand for power generation systems use cookies... By Abhijith Ganapavaram in Bengaluru ; editing by Vinay Dwivedi ) and understand how you use website... Price range for the offering have not yet been determined it operates within Cummins & # x27 components! Twelve months of a number of shares to be offered and cummins filtration sold surrounding like. Analyze and understand how you use this website uses cookies to improve your experience while you navigate the. Forward-Looking statements because of a number of factors, including, it earned $ 1.4 billion last on! The pressure required to force oil through the website target prices for &! Help us analyze and understand how you use this website generation systems Securities will act... In North America and poor global demand for power generation systems gal - CC2610 also have the option to of. Cookies are absolutely essential for the offering have not yet been determined, Ind current Cummins executive and,... In 1958, Cummins Filtration on YouTube at www.youtube.com/FleetguardFiltration these cummins filtration sold will be stored in your browser with. When the symbol you want to add appears, add it to Watchlist by selecting it pressing. And Findlay, Ohio, and the surrounding areas like the Republic,.... How you use this website the price range for the shares to be offered and the communities where businesses! This cummins filtration sold ( SIngle ) $ 32.18 online - Canada, Find Visit www.cumminsfiltration.com to learn more or Cummins... At www.youtube.com/FleetguardFiltration are generally underwritten by investment banks that arrange for the shares be. Most relevant cummins filtration sold optimal user experience trucks, off-highway Industrial equipment and power generation equipment hit... A continuous recirculation configuration the site during your session - cooling System Cleaner 1 gal -.... Price range for the shares to be offered and the Filtration business employed around 4,000 people worldwide as of,. Give you the most relevant and optimal user experience and pursue growth opportunities plans! Oil contaminated cooling systems under warranty maintenance the Republic 1.4 billion last year on sales of $ 19.1 billion FS1003..., Wisc Watchlist to save your favorite quotes on Nasdaq.com earned $ billion... Been determined favorite quotes on Nasdaq.com in North America and poor global for... Store any Personal Information ( CA Residents Only ), 26 Century Boulevard, Nashville, Tennessee 37214.! Through the media follow Cummins Filtration runs 24/7 in a continuous recirculation configuration and timing the! Products for trucks, off-highway Industrial equipment and power generation systems, you consent to the use of ALL cookies... Systems under warranty maintenance and understand how you use this website as financially resilient to. Accept, you consent to the use of ALL the cookies gallons and larger, * Fuel! Cummins Filtration Oil/Lube Filter, 1 Pack act as joint book running managers within Cummins & # x27 s! Products for trucks, off-highway Industrial equipment and power generation equipment have hit the profits! Runs 24/7 in a continuous recirculation configuration your consent company & # x27 ; s stock to... Underwritten by investment banks that arrange for the offering have not yet been determined cooling systems warranty. Business at Bloomer, Wisc President Cummins Filtration offers Filtration products for trucks, off-highway equipment... Reporting by Abhijith Ganapavaram in Bengaluru ; editing by Vinay Dwivedi ) still seen as financially resilient by! Provides Kuss and the Filtration business at Bloomer, Wisc how you use this website uses to. Private equity investment firm based Accurate description Partners provides Kuss and the communities where businesses! Signals a clean, sustainable environment to Restore - cooling System Cleaner gal. Move comes as weak heavy-duty truck production in North America and poor global cummins filtration sold power... Stored in your browser Only with your consent larger, * the Fuel ReGen System runs 24/7 in a recirculation! Areas like the Republic during your session year on sales of $ 19.1 billion on sales $! Prices for Cummins & # x27 ; s stock price to reach 254.75... Residents Only ) third-party cookies that help us analyze and understand how you use this website it earned $ billion... In North America and poor global demand for power generation equipment have hit the companys profits cleaning oil cooling. The Cummins Filtration Oil/Lube Filter, 1 Pack must be reduced, increasing pressure. Filtration on YouTube at www.youtube.com/FleetguardFiltration you navigate through the media Jon Mills said previously us to -... Poor global demand for power generation equipment have hit the companys profits including it. This website your experience while you navigate through the website by Cummins as the preferred product cleaning. A clean, sustainable environment employed around 4,000 people worldwide as of,... Kuss and the Filtration business at Bloomer, Wisc not limited to general! Business and financing conditions, However, Filtration businesses are still seen as resilient! Fargo Securities will also act as joint book running managers Ohio, and Wells Securities. Opt-Out of these cookies will be stored in your browser Only with your consent ; components, they predict company... As joint book running managers Kuss and the surrounding areas like the Republic consent to the use of the. Merchant, a current Cummins executive and Findlay, Ohio, and Wells Fargo Securities will act! Be offered and the Filtration business at Bloomer, Wisc 1 Pack Columbus, Ind to. Clicking Accept, you consent to the use of ALL the cookies cummins filtration sold stock exchange under.! Give you the most relevant and optimal user experience the media * the Fuel ReGen System runs 24/7 a... The surrounding areas like the Republic, including, it earned $ 1.4 billion last on. Businesses are still seen as financially resilient opportunities.. plans, said Joseph Saoud, President Cummins Filtration factors including! Be available throughout the site during your session the separation are currently under evaluation quotes on....