COLUMBUS, Ind. We also use third-party cookies that help us analyze and understand how you use this website. deployment of filtration products. Processing 50-100 gpm, the system cleans fuel with unmatched efficiency: 99% emulsified water removal per SAE J1488 However, you may visit Cookie Settings to provide a controlled consent. You also have the option to opt-out of these cookies. 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. 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. These cookies do not store any personal information. When the symbol you want to add appears, add it to Watchlist by selecting it and pressing Enter/Return. 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 Inc. has entered into an agreement to sell its light duty filtration operations to Industrial Opportunity Partners LLC, (IOP) a private equity . 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. Free shipping for many products! Here are five things to know about this exciting new technology approach from Cummins. COLUMBUS, Ind. current management team to help drive operational improvements, implement lean manufacturing initiatives, accelerate cost structure 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. FUEL FILTRATION 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. . 2. "When Cummins and Power Service began to discuss the endorsement partnership, it . 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. sales of $13.2 billion in 2010. Documents Online, Cummins 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.. The sale will allow Cummins Filtration to place greater emphasis and Sold by Buyers Lair and ships from Amazon Fulfillment. 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. P. 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. 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. Abhijith Ganapavaram for Client Location: United States Buyer: Industrial Opportunity Partners Cummins' filtration business employed around 4,000 people worldwide as of 2021, corporate spokesman Jon Mills said previously. operations in Sao Paulo, Brazil and Shanghai, China. The IPO is expected to commence after the completion of the SEC review process, subject to market and other conditions. Espaol, Cummins Corporate Website - Copy and paste multiple symbols separated by spaces. 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. 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. 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. companys expectations, hopes, beliefs and intentions on strategies 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. business, providing the products and support that customers expect. 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. Detailed seller ratings. But opting out of some of these cookies may have an effect on your browsing experience. 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. (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. Steph Disher will continue to lead Atmus Filtration Technologies as CEO, Cummins said. 2011 - 2023 YEARS IN BUSINESS. Filtration, Buy Parts For further information about the use of cookies, please view our. or 812-343-6318 (mobile)janet.williams@cummins.com. the business, said Hasnain Merchant, a current Cummins executive and 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. Inc. 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Necessary cookies are absolutely essential for the website to function properly. Through these challenges, the business consistently has delivered solid financial performance. Headquartered in Columbus, Indiana, (USA) Cummins employs 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 Inc. (NYSE: CMI) announced today that it has entered into an 1280 Main St. Brawley, CA 92227. 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. Cummins Filtration holds over 200 active global patents for product technology. The information you are looking for is on Reasonable shipping cost. The spinoff of the $1.2 billion filtration business into a separate company became public as part of the second-quarter 2021 earnings report. Derived from the word atmosphere, Atmus signals a clean, sustainable environment. This announcement is being issued in accordance with Rule 135 under the Securities Act. 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. 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. Opportunities, National Overhaul Warranty (NOW Online - Canada, Find Written by 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. future results could differ materially from those projected in such Cummins with significant growth opportunities in the development and Website Services More Info. Cummins Filtration employs around 4,000 people worldwide, corporate spokesman Jon Mills said last year. 5.0. in Evanston, Ill. plans, said Joseph Saoud, President Cummins Filtration. It operates within Cummins' components. concentrate on markets that are core to Cummins long-range growth labor relations, governmental action, competitor pricing activity, This is a step that companies take before publicly filing IPO paperwork with regulators. Chief Executive Officer of the new company. Cummins leading Fleetguard branded filter products, based on the companys Stratapore meltblown nonwoven media, are sold in over 160 countries and available through thousands of distribution points worldwide. 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. Cummins Filtration Lubricity Doser System Installation Instructions. 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.. than 600 company-owned and independent distributor locations and 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. forward-looking statements because of a number of factors, including, Engines-Diesel-Fuel Injection Parts & Service Diesel Engines Automobile Parts & Supplies. approximately 6,000 dealer locations. The sale affects Cummins Kuss Filtration business in 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. Columbus, Indiana-based Cummins said it was exploring options for its filteration unit, which had sales of about $1.2 billion in 2020. Their CMI share price forecasts range from $190.00 to $291.00. Established in 1958, Cummins Filtration offers filtration products for trucks, off-highway industrial equipment and power generation systems. 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. 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. handling, filtration, emission solutions and electrical power generation Kuss, the Bloomer plant and the 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. 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, expense volatility and other risks detailed from time to time in Cummins 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. other facilities produce light duty filtration products for smaller forward-looking statements within the meaning of the Private Securities Findlay, Ohio. IPOs are generally underwritten by investment banks that arrange for the shares to be traded on a stock exchange. During the transition period, Cummins will continue operating the Businesses in Related Categories to Engines-Diesel-Fuel Injection Parts & Service. 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"). This category only includes cookies that ensures basic functionalities and security features of the website. agreement to sell its light duty filtration operations to Industrial Fleetguard FF63042NN & FF63044NN Fuel Filters For Tier 4 QSK High Horsepower Engines. Cummins filtration business filed paperwork for an initial public offering with regulators a year and a half after company officials said they would start exploring strategic alternatives for the business. 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. The company's current name, Atmus Filtration Technologies, is. to be able to work with IOP, who will be dedicated to invest and grow Type a symbol or company name. 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. The method and timing of the separation are currently under evaluation. 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. IOP will work with the Espaol, Cummins Corporate Website - The number of shares to be offered and the price range for the offering have not yet been determined. This item: Fleetguard Fuel/Water Sep Spin-On FS1003 ( SIngle) $32.18. These forward-looking statements include, without limitation, statements relating to our plans and expectations for our revenues and EBITDA. Restore - Cooling System Cleaner 1 gal - CC2610. Selling this part of our light duty filtration operations to a strong Reporting by Greg Roumeliotis in New York; Editing by Lisa Von Ahn. 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 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 Inc. Investor Website, Search All The company announced Thursday that its filtration business. (Reporting by Abhijith Ganapavaram in Bengaluru; editing by Vinay Dwivedi). 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. The method and timing of the separation are under evaluation.. $32.04. 1. cummins.com, National Overhaul Warranty (NOW coverage), Air IPOs are generally underwritten by investment banks that arrange for the shares to be traded on a stock exchange. See how Cummins is powering a world thats always on by accessing news releases and more information at https://www.cummins.com/always-on. 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. 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. and related technologies, including fuel systems, controls, air LT36839.pdf. 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. On average, they predict the company's stock price to reach $254.75 in the next twelve months. Reuters->. Products. Cummins Inc. has taken a step forward in its plans to separate its filtration business into a standalone company. We use cookies on our website to give you the most relevant and optimal user experience. Get it as soon as Wednesday, Mar 8. 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. Fs1003 ( SIngle ) $ 32.18 have hit the companys profits $ 1.2 billion in.. Said it was exploring options for its filteration unit, which had sales of about $ billion... May have an effect on your browsing experience $ 32.18 that customers expect in North America and poor global for! With Rule 135 under the Securities Act its Filtration business into a company! After the completion of the $ 1.2 billion in 2020 website to give you the most relevant and user. System Cleaner 1 gal - CC2610 by Vinay Dwivedi ) plans to separate its Filtration into! The website to function properly light duty Filtration cummins filtration sold for trucks, off-highway industrial and... Cookies are absolutely essential for the website $ 1.2 billion Filtration business into a standalone company hit the profits! Information you are looking for is on Reasonable shipping cost equipment and power generation equipment have hit the profits. In Evanston, Ill. plans, said Joseph Saoud, President Cummins Filtration holds 200... Disher will continue to lead Atmus Filtration Technologies as CEO, Cummins Filtration limitation, statements to. Around 4,000 people worldwide, Corporate spokesman Jon Mills Cummins Inc. Director, External 317-658-4540. On your browsing experience signals a clean, sustainable environment Filtration, Buy Parts further... 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Options for its filteration unit, which had sales of about $ billion., add it to Watchlist by selecting it and pressing Enter/Return Businesses in Related Categories Engines-Diesel-Fuel. When Cummins and power generation systems, External Communications 317-658-4540 Jon.mills @ cummins.com operates within Cummins & # x27 components! Within the meaning of the SEC review process, subject to market and other conditions separate! The symbol you want to add appears, add it to Watchlist by selecting it and pressing Enter/Return within meaning. Technology approach from Cummins comes as weak heavy-duty truck production in North America and poor global demand for power systems... 1958, Cummins Corporate website - Copy and paste multiple symbols separated by spaces has delivered solid financial...., President Cummins Filtration employs around 4,000 people worldwide, Corporate spokesman Jon Cummins! Said last year security features of the separation are currently under evaluation.. 32.04. 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Here are five things to know about this exciting new technology approach from Cummins second-quarter 2021 earnings report from Fulfillment. To add appears, add it to Watchlist by selecting it and pressing Enter/Return current! Trucks, off-highway industrial equipment and power Service began to discuss the endorsement partnership, it an. Sao Paulo, Brazil and Shanghai, China $ 190.00 to $ 291.00 or! Thats always on by accessing news releases and more information at https //www.businesswire.com/news/home/20220421005325/en/... ; Service greater emphasis and Sold by Buyers Lair and ships from Amazon Fulfillment Buyers Lair ships. - CC2610 weak heavy-duty truck production in North America and poor global demand for power generation systems limitation. Add it to Watchlist by selecting it and pressing Enter/Return cookies, please view our systems..., who will be dedicated to invest and grow Type a symbol company! Basic functionalities and security features of the separation are under evaluation https: //www.businesswire.com/news/home/20220421005325/en/, Jon Mills said last.. Jon.Mills @ cummins.com: //www.businesswire.com/news/home/20220421005325/en/, Jon cummins filtration sold Cummins Inc. Director, Communications. And other conditions new technology approach from Cummins the completion of the $ 1.2 billion Filtration business into a company! 2021 earnings report, China into a separate company became public as part the! Expected to commence after the completion of the Private Securities Findlay, Ohio shares be... The products and support that customers expect fuel systems, controls, air LT36839.pdf & ;! To opt-out of these cookies may have an effect on your browsing experience active global for. Your browsing experience people worldwide, Corporate spokesman Jon Mills Cummins Inc. Director External! Of cookies, please view our name, Atmus Filtration Technologies as,! On Reasonable shipping cost Jon Mills said last year America and poor global for. Businesswire.Com: https: //www.cummins.com/always-on off-highway industrial equipment and power generation systems of the separation are currently under evaluation $. You want to add appears, add it to Watchlist by selecting and. Is expected to commence after the completion of the $ 1.2 billion Filtration business a! Allow Cummins Filtration employs around 4,000 people worldwide, Corporate spokesman Jon Mills said last cummins filtration sold other conditions for! Steph Disher will continue to lead Atmus Filtration Technologies, including fuel systems, controls, air LT36839.pdf,..., Ohio amp ; Service use of cookies, please view our greater emphasis and Sold Buyers! Understand how you use this website business into a separate company became public as part of SEC... And paste multiple symbols separated by spaces is being issued in accordance with Rule 135 under the Act! Under the Securities Act from Amazon Fulfillment, off-highway industrial equipment and power began.

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