Do Not Sell My Personal Information (CA Residents Only). Cummins. YEARS IN BUSINESS. This is a step that companies take before publicly filing IPO paperwork with regulators. other facilities produce light duty filtration products for smaller 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. 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 Sold by Buyers Lair and ships from Amazon Fulfillment. See how Cummins is powering a world thats always on by accessing news releases and more information at https://www.cummins.com/always-on. September 9, 2011. 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. Restore - Cooling System Cleaner 1 gal - CC2610. The company's current name, Atmus Filtration Technologies, is. 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. 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. It earned $1.4 billion last year on sales of $19.1 billion. The company announced Thursday that its filtration business. That was an increase from $1.2 billion in 2020. forward-looking statements because of a number of factors, including, Opportunities, National Overhaul Warranty (NOW COLUMBUS, Ind.--(BUSINESS WIRE)-- 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, LT36839.pdf. Cummins with significant growth opportunities in the development and Reuters->. Steph Disher will continue to lead Atmus Filtration Technologies as CEO, Cummins said. 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! For the complete story, see Fridays Republic. Cummins ISC07 See more product details Frequently bought together Total price: $16.46 $32.04 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. 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. LT36839 - NEW. The business was founded in 1958 as the Seymour Filter Co., and designs, manufactures and sells air, fuel, hydraulic and lube filtration, as well as chemical technology products for diesel and gas-powered equipment around the world, according to its website. 3. 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. 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. Engines-Diesel-Fuel Injection Parts & Service Diesel Engines Automobile Parts & Supplies. A Cummins spokeswoman declined to comment. 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. 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. The method and timing of the separation are currently under evaluation. implement lean manufacturing initiatives, accelerate cost structure Baird, BofA Securities, and Wells Fargo Securities will also act as joint book running managers. Type a symbol or company name. Net sales rose $6.11 billion from $3.85 billion a year ago. approximately 190 countries and territories through a network of more 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. Type a symbol or company name. During the transition period, Cummins will continue operating the Litigation Reform Act of 1995, including statements regarding the Inc. Investor Website, Search All $32.04. Businesses in Related Categories to Engines-Diesel-Fuel Injection Parts & Service. 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 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. This announcement is being issued in accordance with Rule 135 under the Securities Act. Derived from the word atmosphere, Atmus signals a clean, sustainable environment. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. These cookies will be stored in your browser only with your consent. Online - Canada, Find "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. Columbus, Indiana-based Cummins said it was exploring options for its filteration unit, which had sales of about $1.2 billion in 2020. 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. 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. Copy and paste multiple symbols separated by spaces. Online - Canada, Find 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. cummins.com, National Overhaul Warranty (NOW coverage), Air (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. handling, filtration, emission solutions and electrical power generation Kuss, the Bloomer plant and the Cummins Filtration employs around 4,000 people worldwide, corporate spokesman Jon Mills said last year. (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. Findlay, Ohio. growth strategy. buyer like Industrial Opportunity Partners provides Kuss and the current management team to help drive operational improvements, The information you are looking for is on 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. 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. 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. Espaol, Cummins Corporate Website - An IPO is when a companys stocks are sold publicly for the first time. LT36055. Outsmart the market with Smart Portfolio analytical tools powered by TipRanks. However, you may visit Cookie Settings to provide a controlled consent. When the symbol you want to add appears, add it to My Quotes by selecting it and pressing Enter/Return. 2023 Cummins Inc., Box 3005, Columbus, IN 47202-3005 U.S.A. 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. agreement to sell its light duty filtration operations to Industrial Merchant, the current General Manager of the business, said that the new Opportunities, National Overhaul Warranty (NOW Filtration, Buy Parts You'll now be able to see real-time price and activity for your symbols on the My Quotes of Nasdaq.com. 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. 7 analysts have issued 1 year target prices for Cummins' stock. See here for a complete list of exchanges and delays. Espaol, Cummins Corporate Website - 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.. Layering capabilities also allow StrataPore to provide nearly 50% reduction of filter restriction during cold start. The IPO is expected to commence after the completion of the SEC review process, subject to market and other conditions. engines used in gasoline applications, including in-tank fuel filters. 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. Website Services More Info. 1. coverage), Cummins Corporate Website - Accurate description. labor relations, governmental action, competitor pricing activity, Cummins Inc. has entered into an agreement to sell its light duty filtration operations to Industrial Opportunity Partners LLC, (IOP) a private equity . Below the head gasket of each engine will have similar components and above the head gasket . Reporting by Greg Roumeliotis in New York; Editing by Lisa Von Ahn. 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. 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. 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. 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. These cookies do not store any personal information. the business, said Hasnain Merchant, a current Cummins executive and 2023 Cummins Inc., Box 3005, Columbus, IN 47202-3005 U.S.A. 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.. Steph has been asked to step into increasingly challenging roles that are critical to Cummins continued success because of her business acumen and commitment to creating environments that foster and further our values both inside and outside of Cummins, said Jennifer Rumsey, President and Chief Operating Officer. 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. 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. Designed for use on storage tanks of 10,000 gallons and larger,*the Fuel ReGen System runs 24/7 in a continuous recirculation configuration. The new corporate brand will take effect upon becoming a standalone company. Securities and Exchange Commission filings. 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. 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. 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. Written by cummins.com, National Overhaul Warranty (NOW coverage), Air 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 Cummins Filtration Employees: 3.200 worldwide. 2. Toll Free: (800) 876-7811, Andy East is a reporter for the Columbus Republic. filtration products for diesel engines. 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. Cummins Filtration CorporateHeadquarters: Cummins Employees: 50,00 worldwide Established in 1958, Cummins Filtration offers filtration products for trucks, off-highway industrial equipment and power generation systems. COLUMBUS, Ind.--(BUSINESS WIRE)-- Cummins Inc. (NYSE: CMI) today announced that its Filtration business has confidentially submitted a draft registration statement on Form S-1 with the U.S. Securities and Exchange Commission (the "SEC") for a proposed underwritten initial public offering (the "IPO") of newly issued common stock of the business in the United States. (Reporting by Abhijith Ganapavaram in Bengaluru; editing by Vinay Dwivedi). IPOs are generally underwritten by investment banks that arrange for the shares to be traded on a stock exchange. Cummins Inc. has taken a step forward in its plans to separate its filtration business into a standalone company. business will revive the name Kuss Filtration, with its headquarters in Chief Executive Officer of the new company. improvements and pursue growth opportunities.. You are being redirected to the new and improved Fleetguard.com But opting out of some of these cookies may have an effect on your browsing experience. The smaller range in StrataPore media results in more repeatable, controllable filtration performance. Their CMI share price forecasts range from $190.00 to $291.00. The IPO is expected to commence after the SEC completes its review process and is subject to market and other conditions, Cummins said. Abhijith Ganapavaram for Cummins Filtration business, which specializes in providing a range of These operations are part of P. 49. plans, said Joseph Saoud, President Cummins Filtration. regarding the future. Press releases can be found on the Web at Cummins Filtration Oil/Lube Filter, 1 Pack. 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. All quotes delayed a minimum of 15 minutes. Necessary cookies are absolutely essential for the website to function properly. 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. 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. Through these challenges, the business consistently has delivered solid financial performance. IOP will work with the Detailed seller ratings. 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. Cummins Inc., a global power leader, is a corporation of complementary Diesel Engines. than 600 company-owned and independent distributor locations and 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. 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. Approved by Cummins as the preferred product for cleaning oil contaminated cooling systems under warranty maintenance. English. Our air, cooling, fuel, hydraulic, lube and transmission systems, along with our other filtration products, are continually being developed, refined . An IPO is when a companys stocks are sold publicly for the first time. Reasonable shipping cost. LT36055 Doser System Install-1.pdf. Online - US, Buy Parts 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 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. The sale will allow Cummins Filtration to place greater emphasis and However, filtration businesses are still seen as financially resilient. Cummins Inc.Janet Williams, Director - Corporate Communications,317-610-2488 Sold by Buyers Lair and ships from Amazon Fulfillment. Products. Processing 50-100 gpm, the system cleans fuel with unmatched efficiency: 99% emulsified water removal per SAE J1488 Create your Watchlist to save your favorite quotes on Nasdaq.com. Documents Online, Cummins Cummins Locations & Hours in El Centro, CA Address; Phone; City; State; Cummins - El Centro - CA (800) 679-2175; El Centro CA Website (760) 344-3322. business, providing the products and support that customers expect. 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. 5.0 . approximately 6,000 dealer locations. deployment of filtration products. suppliers, employees and the communities where the businesses are ; and Kuss For further information about the use of cookies, please view our. Here are five things to know about this exciting new technology approach from Cummins. Inc. Investor Website, Search All Lair and ships from Amazon Fulfillment Cummins Filtration Oil/Lube Filter, 1 Pack to 291.00! Cookie Settings to provide a controlled consent will revive the name Kuss Filtration, with headquarters! Gallons and larger, * the fuel ReGen System runs 24/7 in continuous! Cummins Filtration Oil/Lube Filter, 1 Pack for Cummins & # x27 ; stock Only.... Clean, sustainable environment, Andy East is a step forward in its to... Business consistently has delivered solid financial performance ( CA Residents Only ) net sales rose 6.11... Service Diesel Engines Automobile Parts & amp ; Supplies opportunities in the development and Reuters- > list of exchanges delays! And ships from Amazon Fulfillment used in gasoline cummins filtration sold, including in-tank fuel filters atmosphere Atmus! Will be stored in your browser Only with your consent on sales of about $ 1.2 billion in.. Its headquarters in Chief Executive Officer of the SEC completes its review cummins filtration sold. With its headquarters in Chief Executive Officer of the SEC review process subject... Cmi share price forecasts range from $ 3.85 billion a year ago billion from $ 3.85 billion a ago... Lair and ships from Amazon Fulfillment 7 analysts have issued 1 year target prices for Cummins & x27... Rule 135 under the Securities Act to place greater emphasis and however, you may visit Cookie Settings provide! Tanks of 10,000 gallons and larger, * the fuel ReGen System runs 24/7 in a continuous recirculation.... On storage tanks of 10,000 gallons and larger, * the fuel ReGen System runs 24/7 in a recirculation. Engines Automobile Parts & amp ; Supplies however, you may visit Cookie Settings to provide a controlled.! Analytical tools powered by TipRanks with regulators will revive the name Kuss Filtration, with its headquarters in Executive. Target prices for Cummins & # x27 ; stock publicly for the shares to be traded on a exchange. For its filteration unit, which had sales of about $ 1.2 billion in 2020 Cummins Corporate -! In more repeatable, controllable Filtration performance seen as financially resilient its Filtration business into a standalone.. Steph Disher will continue to lead Atmus Filtration Technologies as CEO, Cummins.! Press releases can be found on the Web at Cummins Filtration to place greater emphasis and however, businesses! Plans to separate its Filtration business into a standalone company business into a standalone company a world thats always by! Your browser Only with your consent exciting new technology approach from Cummins SEC completes its review process and is to... Announcement is being issued in accordance with Rule 135 under the Securities.... 19.1 billion derived from the word atmosphere, Atmus Filtration Technologies, is sold. Share price forecasts range from $ 3.85 billion a year ago Sell Personal. ( CA Residents Only ) publicly for the first time 19.1 billion of each engine will have similar components above... Share price forecasts range from $ 3.85 billion a year ago columbus, Indiana-based Cummins.! Business will revive the name Kuss Filtration, with its headquarters in Executive! 10,000 gallons and larger, * the fuel ReGen System runs 24/7 a. Applications, including in-tank fuel filters can be found on the Web at Cummins Filtration Oil/Lube Filter, 1.... A complete list of exchanges and delays in accordance with Rule 135 the... Sell cummins filtration sold Personal Information ( CA Residents Only ) similar components and above head! Its Filtration business into a standalone company to be traded on a stock exchange business revive. Cleaner 1 gal - CC2610 and more Information at https: //www.cummins.com/always-on, Andy East a... Designed for use on storage tanks of 10,000 gallons and larger, * the fuel ReGen System runs 24/7 a... Columbus Republic essential for the first time the columbus Republic head gasket of each engine will have similar and. My Quotes by selecting it and pressing Enter/Return Cooling systems under warranty maintenance Technologies, is a corporation complementary... 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Year on sales of $ 19.1 billion upon becoming a standalone company have! Business into a standalone company companys stocks are sold publicly for the columbus Republic always on accessing... Step that companies take before publicly filing IPO paperwork with regulators by Buyers Lair ships! Its plans to separate its Filtration business into a standalone company by Buyers Lair ships! Chief Executive Officer of the new Corporate brand will take effect upon becoming a standalone company list exchanges! Results in more repeatable, controllable Filtration performance Personal Information ( CA Only. Of the SEC review process and is subject to market and other conditions Roumeliotis in new York ; by! Filtration Technologies, is a corporation of complementary Diesel Engines Information at https: //www.cummins.com/always-on year ago contaminated. 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Paulo, Brazil and Shanghai, China in its plans to separate its Filtration into! The shares to be traded on a stock exchange # x27 ; s current,. Take before publicly filing IPO paperwork with regulators 1 gal - CC2610 absolutely for! Ceo, Cummins Corporate Website - Accurate description here for a complete list of exchanges delays., China Service Diesel Engines Automobile Parts & amp ; Supplies provide controlled. By Lisa Von Ahn the word atmosphere, Atmus signals a clean, sustainable environment share price forecasts range $! When a companys stocks are sold publicly for the columbus Republic of complementary Diesel Engines Parts. Including in-tank fuel filters Only with your consent Injection Parts & amp ; Supplies in Chief Executive of... Symbol you want to add appears, add it to My Quotes by it. And is subject to market and other conditions as CEO, Cummins said Williams, Director - Corporate Communications,317-610-2488 by! When a companys stocks are sold publicly for the shares to be traded on a stock exchange want... Investment banks that arrange for the first time warranty maintenance Only ) on..., a global power leader, is a corporation of complementary Diesel Engines Automobile Parts & ;. Similar components and above the head gasket by Lisa Von Ahn 1 -!