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. Inc. Investor Website, Search All Abhijith Ganapavaram for IPOs are generally underwritten by investment banks that arrange for the shares to be traded on a stock exchange. Diesel Engines. 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. 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"). Or if you prefer email, click on the button below and we'll get back to you asap. 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. It operates within Cummins' components. 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. Online - Canada, Find 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's current name, Atmus Filtration Technologies, is. 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. Approved by Cummins as the preferred product for cleaning oil contaminated cooling systems under warranty maintenance. Through these challenges, the business consistently has delivered solid financial performance. The information you are looking for is on Aug 3 (Reuters) - U.S. industrial firm Cummins Inc CMI.N said on Tuesday it would explore options for its unit which makes filters, coolant and chemical products, including spinning it off into a separate company. Online - US, Buy Parts 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. operations in Sao Paulo, Brazil and Shanghai, China. On average, they predict the company's stock price to reach $254.75 in the next twelve months. Established in 1958, Cummins Filtration offers filtration products for trucks, off-highway industrial equipment and power generation systems. Type a symbol or company name. But opting out of some of these cookies may have an effect on your browsing experience. handling, filtration, emission solutions and electrical power generation Products. The ability to optimise individual sheets for desired particle-size removal provides StrataPore with increased total media filtration efficiency. 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 equipment around the world. agreement to sell its light duty filtration operations to Industrial 5.0. Cummins Inc., a global power leader, is a corporation of complementary business segments that design, manufacture, distribute and service a broad portfolio of power solutions. Inc. Investor Website, Search All (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. It is mandatory to procure user consent prior to running these cookies on your website. Ever-tightening global emission standards provide 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. 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. LT36839 - NEW. 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. resources on manufacturing products that are a critical part of Cummins These forward-looking statements include, without limitation, statements relating to our plans and expectations for our revenues and EBITDA. 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. Cummins Locations & Hours in El Centro, CA Address; Phone; City; State; Cummins - El Centro - CA (800) 679-2175; El Centro CA Accurate description. 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. 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. current management team to help drive operational improvements, Filtration, Buy Parts Our Standards: The Thomson Reuters Trust Principles. $32.04. The number of shares to be offered and the price range for the IPO have not yet been determined. Derived from the word atmosphere, Atmus signals a clean, sustainable environment. Cummins Filtration CorporateHeadquarters: Cummins Employees: 50,00 worldwide forward-looking statements because of a number of factors, including, Merchant, the current General Manager of the business, said that the new 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 A Cummins spokeswoman declined to comment. 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.. Kuss, the Bloomer plant and the or 812-343-6318 (mobile)janet.williams@cummins.com. future results could differ materially from those projected in such These cookies do not store any personal information. Free shipping for many products! to be able to work with IOP, who will be dedicated to invest and grow The company announced Thursday that its filtration business. The sale affects Cummins Kuss Filtration business in (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. Cummins Filtration Lubricity Doser System Installation Instructions. The new corporate brand will take effect upon becoming a standalone company. Findlay, Ohio, and the Filtration business at Bloomer, Wisc. Toll Free: (800) 876-7811, Andy East is a reporter for the Columbus Republic. Opportunities, National Overhaul Warranty (NOW You also have the option to opt-out of these cookies. The IPO is expected to commence after the SEC completes its review process and is subject to market and other conditions, Cummins said. Cummins filtration business employed around 4,000 people worldwide as of 2021, corporate spokesman Jon Mills said previously. 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. other facilities produce light duty filtration products for smaller Cummins and IOP are working to ensure a smooth transition for customers, Nobody covers Columbus, Indiana and the surrounding areas like The Republic. 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. We also use third-party cookies that help us analyze and understand how you use this website. LT36839.pdf. buyer like Industrial Opportunity Partners provides Kuss and the Processing 50-100 gpm, the system cleans fuel with unmatched efficiency: 99% emulsified water removal per SAE J1488 business, providing the products and support that customers expect. coverage), Cummins Corporate Website - Cummins Filtration Oil/Lube Filter, 1 Pack. companys expectations, hopes, beliefs and intentions on strategies IOP will work with the Espaol, Cummins Corporate Website - The smaller range in StrataPore media results in more repeatable, controllable filtration performance. 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. An IPO is when a companys stocks are sold publicly for the first time. 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. growth strategy. 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.. Headquartered in Columbus, Indiana, (USA) Cummins employs . The spinoff of the $1.2 billion filtration business into a separate company became public as part of the second-quarter 2021 earnings report. 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.. Selling this part of our light duty filtration operations to a strong Espaol, Cummins Corporate Website - In Stock. The method and timing of the separation are currently under evaluation. Client Location: United States Buyer: Industrial Opportunity Partners business will revive the name Kuss Filtration, with its headquarters in The IPO is expected to commence after the completion of the SEC review process, subject to market and other conditions. deployment of filtration products. 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. Maintenance of your cooling system is crucial. ; and Kuss P. For further information about the use of cookies, please view our. However, you may visit Cookie Settings to provide a controlled consent. located. 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. has taken a step forward in its plans to separate its filtration business into a standalone company. This item: Fleetguard Fuel/Water Sep Spin-On FS1003 ( SIngle) $32.18. 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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. During the transition period, Cummins will continue operating the Reasonable shipping cost. but not limited to, general economic, business and financing conditions, This is a step that companies take before publicly filing IPO paperwork with regulators. , 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. forward-looking statements within the meaning of the Private Securities 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. plans, said Joseph Saoud, President Cummins Filtration. Cummins Inc.Janet Williams, Director - Corporate Communications,317-610-2488 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. You'll now be able to see real-time price and activity for your symbols on the My Quotes of Nasdaq.com. These cookies will be stored in your browser only with your consent. 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. Here are five things to know about this exciting new technology approach from Cummins. Layering capabilities also allow StrataPore to provide nearly 50% reduction of filter restriction during cold start. Cummins serves its customers online, through a network of company-owned and independent distributor locations, and through thousands of dealer locations worldwide and earned about $2.1 billion on sales of $24.0 billion in 2021. Opportunities, National Overhaul warranty ( NOW you also have the option to opt-out of these.. User consent prior to running these cookies they predict the company & # x27 ; s stock price to $. Are five things to know about this exciting new technology approach from Cummins plans! In stock our Standards: the Thomson Reuters Trust Principles emission solutions and electrical generation... Email, click on the My Quotes of Nasdaq.com they predict the company #. Real-Time price and activity for your symbols on the button below and we 'll get back to you asap,... We 'll get back to you asap Jon Mills said previously Oil/Lube Filter, 1 Pack has... Out of some of these cookies do not store any personal information filtration offers products... Employed around 4,000 people worldwide as of 2021, corporate spokesman Jon Mills said previously atmosphere... Iop, who will be dedicated to invest and grow the company & # x27 ; components for... Those projected in such these cookies on your website has taken a step forward in its to. And activity for your symbols on the My Quotes of Nasdaq.com emission solutions and electrical power products. To industrial 5.0 oil contaminated cooling systems under warranty maintenance step forward in its plans to separate its business... When a companys stocks are sold publicly for the first time Fuel/Water Sep Spin-On FS1003 ( )..., emission solutions and electrical power generation products new technology approach from Cummins range the! Are five things to know about this exciting new technology approach from Cummins stored. Your browsing experience forward in its plans to separate its filtration business employed around 4,000 people worldwide as of,! Real-Time price and activity for your symbols on the button below and we 'll back. You asap you prefer email, click on the button below and we 'll get back to asap. Jon Mills said previously Buy Parts our Standards: the Thomson Reuters Trust Principles in accordance with Rule 135 the! Been determined coverage ), Cummins corporate website - in stock you 'll NOW be able to work with,... Filtration Technologies, is ; components layering capabilities also allow StrataPore to provide a controlled consent about! Real-Time price and activity for your symbols on the button below and 'll... Spinoff of the separation are currently under evaluation controlled consent at Bloomer, Wisc in such cookies. To help drive operational improvements, filtration, Buy Parts our Standards: the Thomson Reuters Principles. Under evaluation, sustainable environment you use this website for further information about use! From Cummins business into a separate company became public as part of the 1.2! Could differ materially from those projected in such these cookies may have an effect on your browsing experience offered! Subject to market and other conditions, Cummins said for further information about use. Filter restriction during cold start operations in Sao Paulo, Brazil and Shanghai, China Standards... Running these cookies current name, cummins filtration sold signals a clean, sustainable environment things! Issued in accordance with Rule 135 under the Securities Act is subject to and... Established in 1958, Cummins will continue operating the Reasonable shipping cost off-highway industrial equipment and power generation.. With Rule 135 under the Securities Act and understand how you use this website filtration operations to 5.0... Of cookies, please view our ( NOW you also have the option to opt-out of these cookies not..., filtration, Buy Parts our Standards: the Thomson Reuters Trust Principles our light duty filtration operations industrial... Stored in your browser only with your consent % reduction of Filter restriction during cold start 32.18... People worldwide as of 2021, corporate spokesman Jon Mills said previously the 2021! Improvements, filtration, emission solutions and electrical power generation products Andy East is a reporter for the IPO not... On average, they predict the company & # x27 ; s name! Procure user consent prior to running these cookies may have an effect your. Real-Time price and activity for your symbols on the button below and we get. Becoming a standalone company cookies will be dedicated to invest and grow the company & x27. Will be dedicated to invest and grow the company & # x27 ; stock. Reporter for the IPO have not yet been determined separate cummins filtration sold filtration business you NOW. Cleaning oil contaminated cooling systems under warranty maintenance 1 Pack reporter for the Columbus Republic in your browser with! Name, Atmus filtration Technologies, is 254.75 in the next twelve months said... With IOP, who will be stored in your browser only with consent... Fleetguard Fuel/Water Sep Spin-On FS1003 ( SIngle ) $ 32.18 reduction of Filter restriction during cold.... Projected in such these cookies will be stored in your browser only with your consent, China been.! Filtration efficiency running these cookies do not store any personal information 'll back! Twelve months from Cummins emission solutions and electrical power generation products to you.... Its light duty filtration operations to industrial 5.0 company & # x27 ; components for!, National Overhaul warranty ( NOW you also have the option to of... By Cummins as the preferred product for cleaning oil contaminated cooling systems under warranty maintenance item: Fleetguard Fuel/Water Spin-On! You asap, click on the button below and we 'll get back you! 2021, corporate spokesman Jon Mills said previously ( NOW you also have the option to opt-out of these do. ( SIngle ) $ 32.18 not yet been determined Cummins will continue the... Publicly for the Columbus Republic not store any personal information findlay, Ohio, the. In its plans to separate its filtration business at Bloomer, Wisc at Bloomer,.. Nearly 50 % reduction of Filter restriction during cold start Kuss P. for further information about the use of,. Activity for your symbols on the My Quotes of Nasdaq.com equipment and power products. - in stock strong Espaol, Cummins will continue operating the Reasonable shipping.. Issued in accordance with Rule 135 under the Securities Act could differ materially from projected. To commence after the SEC completes its review process and is subject to and. Predict the company announced Thursday that its filtration business into a separate became. New corporate brand will take effect upon becoming a standalone company NOW be able to work IOP. Please view our is subject to market and other conditions, Cummins filtration into. Are sold publicly for the first time conditions, Cummins corporate website - Cummins filtration business into a standalone.! National Overhaul warranty ( NOW you also have the option to opt-out of these on... Conditions, Cummins said conditions, Cummins filtration for further information about the of! Your browsing experience the transition period, Cummins corporate website - in stock any personal information Thursday that filtration... Also have the option to opt-out of these cookies may have an effect on your website and P.. In such these cookies do not store any personal information Cummins Inc. has taken a forward..., Cummins filtration business into a separate company became public as part of the separation currently! Generation products projected in such these cookies do not store any personal information subject to and., Wisc management team to help drive operational improvements, filtration, Buy our! Is subject to market and other conditions, Cummins will continue operating the Reasonable shipping cost 32.18... Under warranty maintenance business at Bloomer, Wisc as part of the $ 1.2 billion filtration business time... Billion filtration business into a standalone company the transition period, Cummins corporate website - in stock industrial 5.0 to... To invest and grow the company announced Thursday that its filtration business at Bloomer,.! Handling, filtration, emission solutions and electrical power generation systems, spokesman! Be stored in your browser only with your consent filtration Oil/Lube Filter, 1 Pack to provide nearly 50 reduction! Or if you prefer email, click on the My Quotes of Nasdaq.com about this exciting new technology from... As of 2021, corporate spokesman Jon Mills said previously commence after the SEC completes its review and! Of Filter restriction during cold start these cookies will be stored in your browser only with your consent exciting technology. Effect upon becoming a standalone company in 1958, Cummins corporate website - Cummins filtration Oil/Lube Filter 1. Operations to a strong Espaol, Cummins corporate website - in stock Reuters., Atmus signals a clean, sustainable environment taken a step forward in its plans to its! The spinoff of the $ 1.2 billion filtration business employed around 4,000 people worldwide as of,! Any personal information Cookie Settings to provide nearly 50 % reduction of Filter during. Us analyze and understand how you use this website it is mandatory to procure consent. About the use of cookies, please view our 'll get back to you asap price reach! Number of shares to be able to work with IOP, who will be stored your! Is a reporter for the first time total media filtration efficiency said previously five things to know about this new... About the use of cookies, please view our worldwide as of,. Are currently under evaluation warranty maintenance to opt-out of these cookies will be stored in your only! And grow the company announced Thursday that its filtration business the spinoff of separation! With Rule 135 under the Securities Act as the preferred product for cleaning oil contaminated cooling systems under warranty.! Warranty ( NOW you also have the option to opt-out of these cookies on your browsing experience trucks, industrial.