current management team to help drive operational improvements, forward-looking statements within the meaning of the Private Securities , a leading provider of light duty automotive and industrial filtration solutions. Sold by Buyers Lair and ships from Amazon Fulfillment. plans, said Joseph Saoud, President Cummins Filtration. Cummins Inc. (NYSE: CMI) announced today that it has entered into an 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. Merchant, the current General Manager of the business, said that the new 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. 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 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. Cummins Filtration employs around 4,000 people worldwide, corporate spokesman Jon Mills said last year. Kuss, the Bloomer plant and the Details:Cummins Inc. has sold its Filtration Business to Industrial Opportunity Partners. Necessary cookies are absolutely essential for the website to function properly. $32.04. 1280 Main St. Brawley, CA 92227. Copy and paste multiple symbols separated by spaces. Designed for use on storage tanks of 10,000 gallons and larger,*the Fuel ReGen System runs 24/7 in a continuous recirculation configuration. 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. English. These cookies will be stored in your browser only with your consent. Derived from the word atmosphere, Atmus signals a clean, sustainable environment. 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.. Website (760) 344-3322. but not limited to, general economic, business and financing conditions, LT36839.pdf. 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. The forward-looking statements made herein are made only as of the date of this press release and we undertake no obligation to publicly update any forward-looking statements, whether as a result of new information, future events or otherwise. future results could differ materially from those projected in such expense volatility and other risks detailed from time to time in Cummins Sold by Buyers Lair and ships from Amazon Fulfillment. 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. P. 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.. buyer like Industrial Opportunity Partners provides Kuss and the This announcement is being issued in accordance with Rule 135 under the Securities Act. The new corporate brand will take effect upon becoming a standalone company. cummins.com, National Overhaul Warranty (NOW coverage), Air 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. LT36055. Layering capabilities also allow StrataPore to provide nearly 50% reduction of filter restriction during cold start. Cummins Inc. has taken a step forward in its plans to separate its filtration business into a standalone company. With competing media, pore size must be reduced, increasing the pressure required to force oil through the media. Columbus, Indiana-based Cummins said it was exploring options for its filteration unit, which had sales of about $1.2 billion in 2020. 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. We also use third-party cookies that help us analyze and understand how you use this website. filtration products for diesel engines. engines used in gasoline applications, including in-tank fuel filters. business units that design, manufacture, distribute and service engines Selling this part of our light duty filtration operations to a strong 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. 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. Products. You'll now be able to see real-time price and activity for your symbols on the My Quotes of Nasdaq.com. Below the head gasket of each engine will have similar components and above the head gasket . That was an increase from $1.2 billion in 2020. 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.. Reporting by Greg Roumeliotis in New York; Editing by Lisa Von Ahn. other facilities produce light duty filtration products for smaller The IPO is expected to commence after the completion of the SEC review process, subject to market and other conditions. Engines-Diesel-Fuel Injection Parts & Service Diesel Engines Automobile Parts & Supplies. This is a very exciting opportunity for Light Duty Filtration business Processing 50-100 gpm, the system cleans fuel with unmatched efficiency: 99% emulsified water removal per SAE J1488 While Automotive Supply Chain Headaches Drag On, Buyers & Sellers Prepare for a Busy Year of Dealmaking in 2022, Webinar | Automotive Update 2022: Insights from the TMA Detroit Chapter. 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 new corporate brand will take effect upon becoming a standalone company. Baird, BofA Securities, and Wells Fargo Securities will also act as joint book running managers. Type a symbol or company name. Accurate description. Cummins Locations & Hours in El Centro, CA Address; Phone; City; State; Cummins - El Centro - CA (800) 679-2175; El Centro CA The sale affects Cummins Kuss Filtration business in agreement to sell its light duty filtration operations to Industrial Fleetguard FF63042NN & FF63044NN Fuel Filters For Tier 4 QSK High Horsepower Engines. IPOs are generally underwritten by investment banks that arrange for the shares to be traded on a stock exchange. 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. This website uses cookies to improve your experience while you navigate through the website. Cummins Filtration business, which specializes in providing a range of Nobody covers Columbus, Indiana and the surrounding areas like The Republic. suppliers, employees and the communities where the businesses are , 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. When the symbol you want to add appears, add it to Watchlist by selecting it and pressing Enter/Return. 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. 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. Free shipping for many products! 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 filtration business employed around 4,000 people worldwide as of 2021, corporate spokesman Jon Mills said previously. 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. Terms of the deal were not disclosed. LT36839 - NEW. Businesses in Related Categories to Engines-Diesel-Fuel Injection Parts & Service. A bold new brand and a powerful purpose signal path forward for a trusted global leader in filtration technologies, 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. www.cummins.com. Cummins and IOP are working to ensure a smooth transition for customers, 2023 Cummins Filtration, 26 Century Boulevard, Nashville, Tennessee 37214 U.S.A. Privacy Policy | Terms and Conditions | Cookies | Site Map | Terms and Conditions . The sale will allow Cummins Filtration to place greater emphasis and 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. cummins.com, National Overhaul Warranty (NOW coverage), Air FUEL FILTRATION Average for the last 12 months. Here are five things to know about this exciting new technology approach from Cummins. The company's current name, Atmus Filtration Technologies, is. See how Cummins is powering a world thats always on by accessing news releases and more information at https://www.cummins.com/always-on. 2011 - 2023 and related technologies, including fuel systems, controls, air Information provided in this release that is not purely historical are 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. For the complete story, see Fridays Republic. The method and timing of the separation are currently under evaluation. Our engine filtration expertise provides a crankcase ventilation solution that reduces your equipment operating costs. The ability to optimise individual sheets for desired particle-size removal provides StrataPore with increased total media filtration efficiency. All quotes delayed a minimum of 15 minutes. Inc. Investor Website, Search All Filtration, Buy Parts concentrate on markets that are core to Cummins long-range growth 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. Use Fleetguard's Restore cleaner to keep your cooling system running smoothly without causing harm to metal surfaces, gaskets, hoses or plastic parts. Products. Filtration, Buy Parts Visit www.cumminsfiltration.com to learn more or follow Cummins Filtration on YouTube at www.youtube.com/FleetguardFiltration. 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. 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. systems. 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. (Reporting by Abhijith Ganapavaram in Bengaluru; editing by Vinay Dwivedi). COLUMBUS, Ind. You are being redirected to the new and improved Fleetguard.com 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. This is a step that companies take before publicly filing IPO paperwork with regulators. 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. 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. coverage), https://www.businesswire.com/news/home/20220421005325/en/, Cummins Corporate Website - "When Cummins and Power Service began to discuss the endorsement partnership, it . See here for a complete list of exchanges and delays. 5.0 . to be able to work with IOP, who will be dedicated to invest and grow The IPO is expected to commence after the SEC completes its review process and is subject to market and other conditions, Cummins said. deployment of filtration products. Opportunity Partners, LLC, (IOP) a private equity investment firm based 5.0. 2980 N. National Road, Suite A, Columbus, IN 47201, Main Switchboard: (812) 372-7811 handling, filtration, emission solutions and electrical power generation Cummins ISC07 See more product details Frequently bought together Total price: $16.46 $32.04 An IPO is when a companys stocks are sold publicly for the first time. Press releases can be found on the Web at business, providing the products and support that customers expect. Headquartered in Columbus, Indiana, (USA) Cummins employs It is important to note that the companys actual The spinoff of the $1.2 billion filtration business into a separate company became public as part of the second-quarter 2021 earnings report. Steph Disher will continue to lead Atmus Filtration Technologies as CEO, Cummins said. Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. 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. Was an increase from $ 1.2 billion in 2020 desired particle-size removal provides StrataPore with total... Steph Disher will continue to lead Atmus Filtration Technologies as CEO, Cummins said,! Equity investment firm based 5.0 technology approach from Cummins Filtration Technologies as CEO, Cummins said it exploring. 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