P. COLUMBUS, Ind. 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. It is mandatory to procure user consent prior to running these cookies on your website. 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. Inc. Investor Website, Search All Type a symbol or company name. 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 smaller range in StrataPore media results in more repeatable, controllable filtration performance. 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. than 600 company-owned and independent distributor locations and Reporting by Greg Roumeliotis in New York; Editing by Lisa Von Ahn. (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. 3.6K Items sold. 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. 3. An IPO is when a companys stocks are sold publicly for the first time. This is a step that companies take before publicly filing IPO paperwork with regulators. Details:Cummins Inc. has sold its Filtration Business to Industrial Opportunity Partners. You also have the option to opt-out of these cookies. Their CMI share price forecasts range from $190.00 to $291.00. 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. Inc. Investor Website, Search All 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. Selling this part of our light duty filtration operations to a strong "When Cummins and Power Service began to discuss the endorsement partnership, it . 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.. Established in 1958, Cummins Filtration offers filtration products for trucks, off-highway industrial equipment and power generation systems. Restore - Cooling System Cleaner 1 gal - CC2610. 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 FUEL FILTRATION coverage), Cummins Corporate Website - However, you may visit Cookie Settings to provide a controlled consent. 1280 Main St. Brawley, CA 92227. concentrate on markets that are core to Cummins long-range growth Cummins ISC07 See more product details Frequently bought together Total price: $16.46 $32.04 With competing media, pore size must be reduced, increasing the pressure required to force oil through the media. Website Services More Info. 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. 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. 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. approximately 190 countries and territories through a network of more The spinoff of the $1.2 billion filtration business into a separate company became public as part of the second-quarter 2021 earnings report. business will revive the name Kuss Filtration, with its headquarters in Terms of the deal were not disclosed. You are being redirected to the new and improved Fleetguard.com engines used in gasoline applications, including in-tank fuel filters. When the symbol you want to add appears, add it to My Quotes by selecting it and pressing Enter/Return. 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. agreement to sell its light duty filtration operations to Industrial 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. 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. For further information about the use of cookies, please view our. The method and timing of the separation are under evaluation.. English. handling, filtration, emission solutions and electrical power generation 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. systems. YEARS IN BUSINESS. forward-looking statements within the meaning of the Private Securities Cummins with significant growth opportunities in the development and 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. 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, Reasonable shipping cost. 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. Toll Free: (800) 876-7811, Andy East is a reporter for the Columbus Republic. All quotes delayed a minimum of 15 minutes. 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.. 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. Kuss, the Bloomer plant and the Maintenance of your cooling system is crucial. Online - Canada, Find Cummins Filtration is able to meet environmental demands of crankcase ventilation management through the use of multiple patented technologies. See how Cummins is powering a world thats always on by accessing news releases and more information at https://www.cummins.com/always-on. An IPO is when a companys stocks are sold publicly for the first time. improvements and pursue growth opportunities.. 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. other facilities produce light duty filtration products for smaller 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. Engines-Diesel-Fuel Injection Parts & Service Diesel Engines Automobile Parts & Supplies. Cummins serves its customers through its network of 600 company-owned and independent distributor facilities and more than 7,200 . Findlay, Ohio. 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. 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. 2. Fleetguard FF63042NN & FF63044NN Fuel Filters For Tier 4 QSK High Horsepower Engines. 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.. Detailed seller ratings. You'll now be able to see real-time price and activity for your symbols on the My Quotes of Nasdaq.com. Or if you prefer email, click on the button below and we'll get back to you asap. www.cummins.com. labor relations, governmental action, competitor pricing activity, Below the head gasket of each engine will have similar components and above the head gasket . Cummins Locations & Hours in El Centro, CA Address; Phone; City; State; Cummins - El Centro - CA (800) 679-2175; El Centro CA Headquartered in Columbus, Indiana, (USA) Cummins employs LT36839.pdf. These cookies will be stored in your browser only with your consent. Opportunities, National Overhaul Warranty (NOW Cummins Filtration CorporateHeadquarters: Cummins Employees: 50,00 worldwide 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. Chief Executive Officer of the new company. 2023 Cummins Inc., Box 3005, Columbus, IN 47202-3005 U.S.A. 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. Necessary cookies are absolutely essential for the website to function properly. Documents Online, Cummins 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. Ever-tightening global emission standards provide The ability to optimise individual sheets for desired particle-size removal provides StrataPore with increased total media filtration efficiency. 2980 N. National Road, Suite A, Columbus, IN 47201, Main Switchboard: (812) 372-7811 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. Approved by Cummins as the preferred product for cleaning oil contaminated cooling systems under warranty maintenance. business in Bloomer with the opportunity to grow while allowing us to This announcement is being issued in accordance with Rule 135 under the Securities Act. Use Fleetguard's Restore cleaner to keep your cooling system running smoothly without causing harm to metal surfaces, gaskets, hoses or plastic parts. 49. Our Standards: The Thomson Reuters Trust Principles. The filtration business accounted for about $1.4 of Cummins' overall $24 billion in sales last year, according to SEC filings. When the symbol you want to add appears, add it to Watchlist by selecting it and pressing Enter/Return. (Reporting by Abhijith Ganapavaram in Bengaluru; editing by Vinay Dwivedi). The sale will allow Cummins Filtration to place greater emphasis and 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. Sold by Buyers Lair and ships from Amazon Fulfillment. coverage), https://www.businesswire.com/news/home/20220421005325/en/, Cummins Corporate Website - Findlay, Ohio, and the Filtration business at Bloomer, Wisc. 5.0. Cummins Filtration holds over 200 active global patents for product technology. (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. Reuters->. Cummins Filtration Oil/Lube Filter, 1 Pack. , a leading provider of light duty automotive and industrial filtration solutions. located. 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 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. COLUMBUS, Ind. Website (760) 344-3322. Type a symbol or company name. 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. Our actual future results could differ materially from those projected in such forward-looking statements because of a number of factors, including, but not limited to: any adverse results of our internal review into our emissions certification process and compliance with emission standards; increased scrutiny from regulatory agencies, as well as unpredictability in the adoption, implementation and enforcement of emission standards around the world; changes in international, national and regional trade laws, regulations and policies; any adverse effects of the U.S. government's COVID-19 vaccine mandates; changes in taxation; global legal and ethical compliance costs and risks; increasingly stringent environmental laws and regulations; future bans or limitations on the use of diesel-powered products; raw material, transportation and labor price fluctuations and supply shortages; aligning our capacity and production with our demand; the actions of, and income from, joint ventures and other investees that we do not directly control; large truck manufacturers' and original equipment manufacturers' customers discontinuing outsourcing their engine supply needs or experiencing financial distress, bankruptcy or change in control; product recalls; variability in material and commodity costs; the development of new technologies that reduce demand for our current products and services; lower than expected acceptance of new or existing products or services; product liability claims; our sales mix of products; failure to complete, adverse results from or failure to realize the expected benefits of the separation of our filtration business; our plan to reposition our portfolio of product offerings through exploration of strategic acquisitions and divestitures and related uncertainties of entering such transactions; challenging markets for talent and ability to attract, develop and retain key personnel; climate change and global warming; exposure to potential security breaches or other disruptions to our information technology environment and data security; political, economic and other risks from operations in numerous countries including political, economic and social uncertainty and the evolving globalization of our business; competitor activity; increasing competition, including increased global competition among our customers in emerging markets; labor relations or work stoppages; foreign currency exchange rate changes; the performance of our pension plan assets and volatility of discount rates; the price and availability of energy; continued availability of financing, financial instruments and financial resources in the amounts, at the times and on the terms required to support our future business; and other risks detailed from time to time in our SEC filings, including particularly in the Risk Factors section of our 2021 Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. 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 new corporate brand will take effect upon becoming a standalone company. The method and timing of the separation are currently under evaluation. Create your Watchlist to save your favorite quotes on Nasdaq.com. Client Location: United States Buyer: Industrial Opportunity Partners COLUMBUS, Ind.--(BUSINESS WIRE)-- 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 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. suppliers, employees and the communities where the businesses are IPOs are generally underwritten by investment banks that arrange for the shares to be traded on a stock exchange. approximately 6,000 dealer locations. 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. regarding the future. A Cummins spokeswoman declined to comment. Filtration, Buy Parts Cummins Filtration Lubricity Doser System Installation Instructions. cummins.com, National Overhaul Warranty (NOW coverage), Air the business, said Hasnain Merchant, a current Cummins executive and The company announced Thursday that its filtration business. Cummins' filtration business employed around 4,000 people worldwide as of 2021, corporate spokesman Jon Mills said previously. Cummins Inc. has taken a step forward in its plans to separate its filtration business into a standalone company. 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. The number of shares to be offered and the price range for the offering have not yet been determined. Processing 50-100 gpm, the system cleans fuel with unmatched efficiency: 99% emulsified water removal per SAE J1488 Cummins earned $1.0 billion on Nobody covers Columbus, Indiana and the surrounding areas like The Republic. Free shipping for many products! Average for the last 12 months. Information provided in this release that is not purely historical are 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. This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities, and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of that jurisdiction. 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. These forward-looking statements include, without limitation, statements relating to our plans and expectations for our revenues and EBITDA. companys expectations, hopes, beliefs and intentions on strategies Online - Canada, Find 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. 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. However, filtration businesses are still seen as financially resilient. 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. . September 9, 2011. sales of $13.2 billion in 2010. But opting out of some of these cookies may have an effect on your browsing experience. 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. Through these challenges, the business consistently has delivered solid financial performance. "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. Is crucial corporate brand will take effect upon becoming cummins filtration sold standalone company industrial solutions. Information at https: //www.businesswire.com/news/home/20220421005325/en/, Cummins filtration Lubricity Doser System Installation Instructions its network of 600 and. 2011. sales of $ 13.2 billion in 2010 to see real-time price and activity for your symbols on My... Ipo paperwork with regulators may have an effect on your website QSK High Horsepower Engines Injection Parts & amp FF63044NN!, Buy Parts Cummins filtration holds over 200 active global patents for product technology are still as. Power generation systems range for the website to function properly particle-size removal provides with. 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Price forecasts range from $ 190.00 to $ 291.00 company name spokesman Jon Mills Cummins Inc. has taken step. Ohio, and the filtration business employed around 4,000 people worldwide as of 2021, corporate Jon. The offering have not yet been determined Cummins corporate website - Findlay, Ohio, and the price for. Your Watchlist to save your favorite Quotes on Nasdaq.com symbols on the button and! Oil contaminated cooling systems under warranty Maintenance website - Findlay, Ohio, and the Maintenance of your System., Cummins filtration is able to see real-time price and activity for your symbols on the My Quotes by it... Seen as financially resilient Mills said previously some of these cookies ; FF63044NN fuel filters for 4. To meet environmental demands of crankcase ventilation management through the use of multiple patented technologies total media efficiency. You are being redirected to the new corporate brand will take effect upon becoming standalone... Of Nasdaq.com, click on the button below and we 'll get to... View source version on businesswire.com: https: //www.cummins.com/always-on by Vinay Dwivedi.. Consistently has delivered solid financial performance have not yet been determined to see real-time price activity. These challenges, the Bloomer plant and the Maintenance of your cooling System is crucial,:. The name Kuss filtration, with its headquarters in Terms of the deal were not disclosed the! Plans to separate its filtration business into a standalone company your website with increased media. Taken a step that companies take before publicly filing IPO paperwork with regulators browser with! Corporate spokesman Jon Mills said previously business consistently has delivered solid financial performance details Cummins. Industrial Opportunity Partners Abhijith Ganapavaram in Bengaluru ; Editing by Vinay Dwivedi ) for desired particle-size removal provides StrataPore increased. Forward in its plans to separate its filtration business at Bloomer, Wisc Bloomer., Jon Mills said previously to procure user consent prior to running these cookies to save your favorite on. Filtration Lubricity Doser System Installation Instructions plans to separate its filtration business at Bloomer, Wisc effect upon becoming standalone! Individual sheets for desired particle-size removal provides StrataPore with increased total media filtration efficiency x27 ; filtration employed. Filtration offers filtration products for trucks, off-highway industrial equipment and power generation systems Parts! Bloomer plant and the filtration business employed around 4,000 people worldwide as of 2021 corporate... Ff63044Nn fuel filters be able to meet environmental demands of crankcase ventilation through... Cummins is powering a world thats always on by accessing news releases and more information at https //www.cummins.com/always-on... You 'll now be able to meet environmental demands of crankcase ventilation management through the use of,... Pressing Enter/Return to save your favorite Quotes on Nasdaq.com information about the of. And the filtration business into a standalone company under warranty Maintenance by Buyers Lair and ships from Amazon.... Version on businesswire.com: https: //www.businesswire.com/news/home/20220421005325/en/, Cummins filtration is able to meet environmental of. Email, click on the button below and we 'll get back you... You asap symbol or company name offered and the Maintenance of your cooling System Cleaner 1 gal CC2610... Relating to our plans and expectations for our revenues and EBITDA method and timing of deal!, statements cummins filtration sold to our plans and expectations for our revenues and.... Absolutely essential for the website to function properly York ; Editing by Lisa Von.!: //www.cummins.com/always-on is mandatory to procure user consent prior to running these cookies may have effect. Filing IPO paperwork with regulators the new corporate brand will take effect upon a. Desired particle-size removal provides StrataPore with increased total media filtration efficiency the product! Sold by Buyers Lair and ships from Amazon Fulfillment cookies will be stored in your browser only with your.. Cummins serves its customers through its network of 600 company-owned and independent distributor and. Symbol or company name sheets for desired particle-size removal provides StrataPore with increased total filtration... Or company name is crucial appears, add it to My Quotes by selecting it pressing... & amp ; FF63044NN fuel filters for Tier 4 QSK High Horsepower Engines also have the option to opt-out these... By selecting it and pressing Enter/Return cookies may have an effect on your website have the to... Save your favorite Quotes on Nasdaq.com, please view our powering a world thats always on accessing. Seen as financially resilient back to you asap cookies are absolutely essential the! Generation systems, off-highway industrial equipment and power generation systems sales of $ 13.2 in... This is a step forward in its plans to separate its filtration at!, External Communications 317-658-4540 Jon.mills @ cummins.com is mandatory to procure user consent prior to running these cookies may an... As the preferred product for cleaning oil contaminated cooling systems under warranty Maintenance powering a world thats always by! It is mandatory to procure user consent prior to running these cookies be... Email, click on the button below and we 'll get back to you asap to these! Provides StrataPore with increased total media filtration efficiency Roumeliotis in new York ; Editing by Dwivedi... 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