September 9, 2011. , a U.S. manufacturer of engines for large trucks, is preparing to explore the sale of a business that makes filters and coolants, potentially valuing it at more than $1.5 billion, according to people familiar with the matter. Cummins' filtration business employed around 4,000 people worldwide as of 2021, corporate spokesman Jon Mills said previously. Maintenance of your cooling system is crucial. Findlay, Ohio, and the Filtration business at Bloomer, Wisc. On average, they predict the company's stock price to reach $254.75 in the next twelve months. 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. Our air, cooling, fuel, hydraulic, lube and transmission systems, along with our other filtration products, are continually being developed, refined . Press releases can be found on the Web at It is mandatory to procure user consent prior to running these cookies on your website. Cummins Filtration employs around 4,000 people worldwide, corporate spokesman Jon Mills said last year. 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. Written by resources on manufacturing products that are a critical part of Cummins The forward-looking statements made herein are made only as of the date of this press release and we undertake no obligation to publicly update any forward-looking statements, whether as a result of new information, future events or otherwise. An IPO is when a companys stocks are sold publicly for the first time. 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 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. 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. 2011 - 2023 2023 Cummins Filtration, 26 Century Boulevard, Nashville, Tennessee 37214 U.S.A, Fleetguard Products for Detroit Diesel Engines, Sea Pro FH240 Series Filter / Separator w/o Drain Valve Installation Instruction, Data Center Keeps Power Constant with New Fuel Filtration, Fleetguard Filtration for Cummins Engines, Genuine Filtration for 2017-2021 Cummins On-Highway Engines, Genuine Filtration for 2017-2019 Cummins On-Highway Engines, The Complete Portfolio of Fleetguard Fuel Processors, NanoNet Fuel and Lube Extended Solutions for 2020 Cummins X15 Engines, Fleetguard Natural Gas Filters for the Waste Management Market, Fleetguard Technical Information Catalog: Fuel Filtration, Dependable Filtration Solutions for Cummins Engines in School Bus Applications, Fleetguard Filtration for Cummins-Powered Nissan Titan, Fuel 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For the complete story, see Fridays Republic. business, providing the products and support that customers expect. During the transition period, Cummins will continue operating the 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. 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. 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. When the symbol you want to add appears, add it to Watchlist by selecting it and pressing Enter/Return. 2980 N. National Road, Suite A, Columbus, IN 47201, Main Switchboard: (812) 372-7811 Headquartered in Columbus, Indiana, (USA) Cummins employs 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. The company announced Thursday that its filtration business has confidentially filed paperwork for a proposed initial public offering with the U.S. Securities and Exchange Commission. Products. 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.. Or if you prefer email, click on the button below and we'll get back to you asap. agreement to sell its light duty filtration operations to Industrial 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. This item: Fleetguard Fuel/Water Sep Spin-On FS1003 ( SIngle) $32.18. Cummins Inc. has entered into an agreement to sell its light duty filtration operations to Industrial Opportunity Partners LLC, (IOP) a private equity . You'll now be able to see real-time price and activity for your symbols on the My Quotes of Nasdaq.com. See here for a complete list of exchanges and delays. In Stock. The smaller range in StrataPore media results in more repeatable, controllable filtration performance. These cookies will be stored in your browser only with your consent. cummins.com, National Overhaul Warranty (NOW coverage), Air English. This announcement is being issued in accordance with Rule 135 under the Securities Act. and related technologies, including fuel systems, controls, air Cummins with significant growth opportunities in the development and An IPO is when a companys stocks are sold publicly for the first time. Abhijith Ganapavaram for Designed for use on storage tanks of 10,000 gallons and larger,*the Fuel ReGen System runs 24/7 in a continuous recirculation configuration. , a leading provider of light duty automotive and industrial filtration solutions. 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. has taken a step forward in its plans to separate its filtration business into a standalone company. 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. forward-looking statements within the meaning of the Private Securities (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. 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. The new corporate brand will take effect upon becoming a standalone company. 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. 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. 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. We use cookies on our website to give you the most relevant and optimal user experience. 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