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. Cummins. P. Filtration, Buy Parts 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. Selling this part of our light duty filtration operations to a strong 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. Or if you prefer email, click on the button below and we'll get back to you asap. engines used in gasoline applications, including in-tank fuel filters. Online - Canada, Find The information you are looking for is on , 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. Documents Online, Cummins suppliers, employees and the communities where the businesses are Reasonable shipping cost. Restore - Cooling System Cleaner 1 gal - CC2610. LT36839.pdf. located. COLUMBUS, Ind.--(BUSINESS WIRE)-- The new corporate brand will take effect upon becoming a standalone company. 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 deployment of filtration products. IOP will work with the We use cookies on our website to give you the most relevant and optimal user experience. Information provided in this release that is not purely historical are 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"). Opportunities, National Overhaul Warranty (NOW 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. Type a symbol or company name. forward-looking statements within the meaning of the Private Securities Website Services More Info. Cummins Filtration employs around 4,000 people worldwide, corporate spokesman Jon Mills said last year. Detailed seller ratings. 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. Sold by Buyers Lair and ships from Amazon Fulfillment. The IPO is expected to commence after the SEC completes its review process and is subject to market and other conditions, 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. 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. It earned $1.4 billion last year on sales of $19.1 billion. Cummins Inc.Janet Williams, Director - Corporate Communications,317-610-2488 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 method and timing of the separation are currently under evaluation. 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. LT36055. 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. 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. Diesel Engines. 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. 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. 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. Established in 1958, Cummins Filtration offers filtration products for trucks, off-highway industrial equipment and power generation systems. The number of shares to be offered and the price range for the offering have not yet been determined. You'll now be able to see real-time price and activity for your symbols on the My Quotes of Nasdaq.com. Website (760) 344-3322. 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. Nobody covers Columbus, Indiana and the surrounding areas like The Republic. . FUEL FILTRATION Visit www.cumminsfiltration.com to learn more or follow Cummins Filtration on YouTube at www.youtube.com/FleetguardFiltration. Online - Canada, Find 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. Cummins and IOP are working to ensure a smooth transition for customers, "When Cummins and Power Service began to discuss the endorsement partnership, it . 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. 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 Get it as soon as Wednesday, Mar 8. Outsmart the market with Smart Portfolio analytical tools powered by TipRanks. the business, said Hasnain Merchant, a current Cummins executive and approximately 40,000 people worldwide and serves customers in 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. Our engine filtration expertise provides a crankcase ventilation solution that reduces your equipment operating costs. Below the head gasket of each engine will have similar components and above the head gasket . growth strategy. current management team to help drive operational improvements, 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. 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. With competing media, pore size must be reduced, increasing the pressure required to force oil through the media. 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. Necessary cookies are absolutely essential for the website to function properly. When the symbol you want to add appears, add it to Watchlist by selecting it and pressing Enter/Return. The number of shares to be offered and the price range for the IPO have not yet been determined. Headquartered in Columbus, Indiana, (USA) Cummins employs . Ever-tightening global emission standards provide This item: Fleetguard Fuel/Water Sep Spin-On FS1003 ( SIngle) $32.18. Maintenance of your cooling system is crucial. 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. 2011 - 2023 Cummins serves its customers through its network of 600 company-owned and independent distributor facilities and more than 7,200 . 7 analysts have issued 1 year target prices for Cummins' stock. Inc. Investor Website, Search All An IPO is when a companys stocks are sold publicly for the first time. Cummins Filtration holds over 200 active global patents for product technology. Approved by Cummins as the preferred product for cleaning oil contaminated cooling systems under warranty maintenance. The sale will allow Cummins Filtration to place greater emphasis and Litigation Reform Act of 1995, including statements regarding the Steph Disher will continue to lead Atmus Filtration Technologies as CEO, Cummins said. 2023 Cummins Filtration, 26 Century Boulevard, Nashville, Tennessee 37214 U.S.A. Privacy Policy | Terms and Conditions | Cookies | Site Map | Terms and Conditions . than 600 company-owned and independent distributor locations and Cummins Inc. has taken a step forward in its plans to separate its filtration business into a standalone company. Head gasket to add appears, add it to Watchlist by selecting it pressing! 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