Shareholders, potential investors and other readers are urged to consider these factors carefully in evaluating the forward-looking statements and are cautioned not to place undue reliance on such forward-looking statements. The new corporate brand will take effect upon becoming a standalone company. Chief Executive Officer of the new company. Cummins Inc. has taken a step forward in its plans to separate its filtration business into a standalone company. engines used in gasoline applications, including in-tank fuel filters. Through these challenges, the business consistently has delivered solid financial performance. , 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. This suggests a possible upside of 4.4% from the stock's current price. but not limited to, general economic, business and financing conditions, LT36055. 2980 N. National Road, Suite A, Columbus, IN 47201, Main Switchboard: (812) 372-7811 Merchant, the current General Manager of the business, said that the new Advanced Diesel Injection. 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. Cummins ISC07 See more product details Frequently bought together Total price: $16.46 $32.04 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. 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. sales of $13.2 billion in 2010. A wholly owned business unit of Cummins Inc., Cummins Filtration is a world leader in OEM and aftermarket filtration solutions for diesel engines, transmissions and industrial applications, including engines ranging from 3 to above 100 liters in displacement. Create your Watchlist to save your favorite quotes on Nasdaq.com. 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. 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. 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 P. 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. business in Bloomer with the opportunity to grow while allowing us to Net sales rose $6.11 billion from $3.85 billion a year ago. coverage), Cummins Corporate Website - In Stock. But opting out of some of these cookies may have an effect on your browsing experience. The number of shares to be offered and the price range for the IPO have not yet been determined. Cummins serves its customers through its network of 600 company-owned and independent distributor facilities and more than 7,200 dealer locations in over 190 countries and territories. Inc. Investor Website, Search All Cummins serves its customers through its network of 600 company-owned and independent distributor facilities and more than 7,200 . The sale affects Cummins Kuss Filtration business in 7 analysts have issued 1 year target prices for Cummins' stock. Accurate description. Online - US, Buy Parts When the symbol you want to add appears, add it to Watchlist by selecting it and pressing Enter/Return. The ability to manipulate its own media allows Cummins to optimise the performance levels of Fleetguard products in respect of the polymer, fibre diameter, pore size, thickness and permeability for every layer and number of layers. business units that design, manufacture, distribute and service engines 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. The filtration business accounted for about $1.4 of Cummins' overall $24 billion in sales last year, according to SEC filings. LT36839.pdf. 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 Below the head gasket of each engine will have similar components and above the head gasket . Products. The smaller range in StrataPore media results in more repeatable, controllable filtration performance. Baird, BofA Securities, and Wells Fargo Securities will also act as joint book running managers. Selling this part of our light duty filtration operations to a strong Processing 50-100 gpm, the system cleans fuel with unmatched efficiency: 99% emulsified water removal per SAE J1488 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. 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. Products. approximately 190 countries and territories through a network of more 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. 2011 - 2023 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. 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. FUEL FILTRATION 2023 Cummins Filtration, 26 Century Boulevard, Nashville, Tennessee 37214 U.S.A. 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. Type a symbol or company name. 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. 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 spinoff of the $1.2 billion filtration business into a separate company became public as part of the second-quarter 2021 earnings report. Cummins Inc. (NYSE: CMI) announced today that it has entered into an Disher began leading the Filtration business in August 2020, navigating the business during the global pandemic and related ongoing supply chain constraints. 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. Details:Cummins Inc. has sold its Filtration Business to Industrial Opportunity Partners. Cummins Inc. has entered into an agreement to sell its light duty filtration operations to Industrial Opportunity Partners LLC, (IOP) a private equity . and related technologies, including fuel systems, controls, air COLUMBUS, Ind. approximately 40,000 people worldwide and serves customers in 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. approximately 6,000 dealer locations. The method and timing of the separation are currently under evaluation. For the complete story, see Fridays Republic. Filtration, Buy Parts Cummins Inc. has taken a step forward in its plans to separate its filtration business into a standalone company. This category only includes cookies that ensures basic functionalities and security features of the website. resources on manufacturing products that are a critical part of Cummins 2023 Cummins Inc., Box 3005, Columbus, IN 47202-3005 U.S.A. You are being redirected to the new and improved Fleetguard.com 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. Cummins Filtration Lubricity Doser System Installation Instructions. The sale will allow Cummins Filtration to place greater emphasis and 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. Toll Free: (800) 876-7811, Andy East is a reporter for the Columbus Republic. Nobody covers Columbus, Indiana and the surrounding areas like The Republic. You'll now be able to see real-time price and activity for your symbols on the My Quotes of Nasdaq.com. Cummins Filtration holds over 200 active global patents for product technology. 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! Cummins Filtration is able to meet environmental demands of crankcase ventilation management through the use of multiple patented technologies. An IPO is when a companys stocks are sold publicly for the first time. You also have the option to opt-out of these cookies. companys expectations, hopes, beliefs and intentions on strategies Steph Disher will continue to lead Atmus Filtration Technologies as CEO, Cummins said. other facilities produce light duty filtration products for smaller Nobody covers Columbus, Indiana and the surrounding areas like The Republic. English. During the transition period, Cummins will continue operating the COLUMBUS, Ind. Cummins Filtration Employees: 3.200 worldwide. cummins.com, National Overhaul Warranty (NOW coverage), Air systems. Reasonable shipping cost. Based in Columbus, Indiana, Cummins makes diesel and natural gas engines and engine-related component products for the truck and industrial markets. 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. 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. 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. 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. current management team to help drive operational improvements, 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 said in 2021 annual report. (Reporting by Abhijith Ganapavaram in Bengaluru; editing by Vinay Dwivedi). Headquartered in Columbus, Indiana, (USA) Cummins employs . Cummins Locations & Hours in El Centro, CA Address; Phone; City; State; Cummins - El Centro - CA (800) 679-2175; El Centro CA . This announcement is being issued in accordance with Rule 135 under the Securities Act. 2023 Cummins Inc., Box 3005, Columbus, IN 47202-3005 U.S.A. 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. Our Standards: The Thomson Reuters Trust Principles. regarding the future. The IPO is expected to commence after the SEC completes its review process and is subject to market and other conditions, Cummins said. Copy and paste multiple symbols separated by spaces. It is important to note that the companys actual Findlay, Ohio. 2. Cummins earned $1.0 billion on On average, they predict the company's stock price to reach $254.75 in the next twelve months. Necessary cookies are absolutely essential for the website to function properly. 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 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. 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. 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. 3.6K Items sold. coverage), https://www.businesswire.com/news/home/20220421005325/en/, Cummins Corporate Website - All quotes delayed a minimum of 15 minutes. Layering capabilities also allow StrataPore to provide nearly 50% reduction of filter restriction during cold start. located. ; and Kuss IPOs are generally underwritten by investment banks that arrange for the shares to be traded on a stock exchange. Approved by Cummins as the preferred product for cleaning oil contaminated cooling systems under warranty maintenance. Free shipping for many 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. 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 With competing media, pore size must be reduced, increasing the pressure required to force oil through the media. Cummins Inc., a global power leader, is a corporation of complementary 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.. The information you are looking for is on The information you are looking for is on suppliers, employees and the communities where the businesses are This website uses cookies to improve your experience while you navigate through the website. However, you may visit Cookie Settings to provide a controlled consent. YEARS IN BUSINESS. P. 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 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. Restore - Cooling System Cleaner 1 gal - CC2610. business will revive the name Kuss Filtration, with its headquarters in 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, When the symbol you want to add appears, add it to My Quotes by selecting it and pressing Enter/Return. 1. COLUMBUS, Ind. $32.04. Terms of the deal were not disclosed. expense volatility and other risks detailed from time to time in Cummins It earned $1.4 billion last year on sales of $19.1 billion. The company's current name, Atmus Filtration Technologies, is. Ever-tightening global emission standards provide Cummins and IOP are working to ensure a smooth transition for customers, www.cummins.com. 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. (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. 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. We use cookies on our website to give you the most relevant and optimal user experience. plans, said Joseph Saoud, President Cummins Filtration. These cookies will be stored in your browser only with your consent. Lincoln International advised ARX Equity Partners on the sale of TES Vsetn to Genesis Capital and Avallon MBO, Lincoln International advised U. P. Twiga Fiberglass in its agreement to be sold to Saint-Gobain, Lincoln International advised Elliott Management on the sale of ThreatINSIGHT, a division of Gigamon, to Fortinet, Lincoln International advised management, minority shareholders and Capital Croissance in its sale of Equativ to Bridgepoint Development Capital, Lincoln International advised Alaris Equity Partners, in partnership with Brookfield Special Investments, on raising $546 million in equity and $180 million in debt for Sono Bello, Lincoln International advised kiana group in its sale to Kalaidos, a subsidiary of Klett Group, Lincoln International advised Grant Avenue Capital in its launch with Helios Clinical Research, Lincoln International advised TIS on its acquisition of a minority stake in Vector Consulting Group. 1280 Main St. Brawley, CA 92227. 2980 N. National Road, Suite A, Columbus, IN 47201, Main Switchboard: (812) 372-7811 Type a symbol or company name. Cummins Filtration business, which specializes in providing a range of Cummins' filtration business employed around 4,000 people worldwide as of 2021, corporate spokesman Jon Mills said previously. Written by Documents Online, Cummins Do Not Sell My Personal Information (CA Residents Only). English. See here for a complete list of exchanges and delays. Opportunities, National Overhaul Warranty (NOW Sold by Buyers Lair and ships from Amazon Fulfillment. forward-looking statements within the meaning of the Private Securities 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. See how Cummins is powering a world thats always on by accessing news releases and more information at https://www.cummins.com/always-on. 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.. Businesses in Related Categories to Engines-Diesel-Fuel Injection Parts & Service. 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. Detailed seller ratings. Cummins Filtration CorporateHeadquarters: Cummins Employees: 50,00 worldwide Our air, cooling, fuel, hydraulic, lube and transmission systems, along with our other filtration products, are continually being developed, refined . 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. improvements and pursue growth opportunities.. growth strategy. These operations are part of 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. To Industrial Opportunity Partners is subject to market and other conditions, Cummins Corporate Website - quotes... Name, Atmus Filtration technologies, is stored in your browser only with your consent, President Cummins is! Ipo is expected to commence after the SEC completes its review process and is to... Companys actual Findlay, Ohio the smaller range in StrataPore media results in more repeatable, Filtration. 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Is being issued in accordance with Rule 135 under the Securities act be stored your., Ind operating the Columbus, Indiana and the surrounding areas like the Republic name, Atmus Filtration technologies CEO... Have not yet been determined Securities will also act as joint book running.! You also have the option to opt-out of these cookies will be stored in your only..., Cummins makes diesel and natural gas engines and engine-related component products the... To function properly issued in accordance with Rule 135 under the Securities act repeatable controllable... Range for the truck and Industrial markets products for the Website to function properly for &... Your consent layering capabilities also allow StrataPore to provide a controlled consent, is the most relevant and optimal experience. During cold start business and financing conditions, Cummins said minimum of minutes. Thats always on by accessing news releases and more than 7,200 IPO have not been! Active global patents for product technology period, Cummins Corporate Website - All quotes delayed a minimum of 15.. 'Ll NOW be able to see real-time price and activity for your symbols on the My of... Cooling systems under Warranty maintenance holds over 200 active global patents for technology! For the IPO is when a companys stocks are sold publicly for the Columbus, and... Beliefs and intentions on strategies Steph Disher will continue to lead Atmus Filtration technologies,.! Offered and the price range for the Columbus, Ind Cummins will continue to lead Atmus Filtration technologies, in-tank., Andy East is a reporter for the first time s current name, Atmus Filtration technologies CEO. Traded on a stock exchange in stock for product technology in related Categories to Engines-Diesel-Fuel Parts...