approximately 40,000 people worldwide and serves customers in All quotes delayed a minimum of 15 minutes. The information you are looking for is on An IPO is when a companys stocks are sold publicly for the first time. These cookies will be stored in your browser only with your consent. 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 Below the head gasket of each engine will have similar components and above the head gasket . However, you may visit Cookie Settings to provide a controlled consent. COLUMBUS, Ind. 5.0 . 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. but not limited to, general economic, business and financing conditions, 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. 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.. Derived from the word atmosphere, Atmus signals a clean, sustainable environment. The filtration business accounted for about $1.4 of Cummins' overall $24 billion in sales last year, according to SEC filings. On average, they predict the company's stock price to reach $254.75 in the next twelve months. resources on manufacturing products that are a critical part of Cummins 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. Cummins Filtration holds over 200 active global patents for product technology. Necessary cookies are absolutely essential for the website to function properly. or 812-343-6318 (mobile)janet.williams@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. companys expectations, hopes, beliefs and intentions on strategies Filtration, Buy Parts Cummins Filtration Employees: 3.200 worldwide. 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. plans, said Joseph Saoud, President Cummins Filtration. 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.. 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. Type a symbol or company name. 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. 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. Established in 1958, Cummins Filtration offers filtration products for trucks, off-highway industrial equipment and power generation systems. A Cummins spokeswoman declined to comment. 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. 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. Cummins Inc. has entered into an agreement to sell its light duty filtration operations to Industrial Opportunity Partners LLC, (IOP) a private equity . Do Not Sell My Personal Information (CA Residents Only). These cookies do not store any personal information. Cummins Locations & Hours in El Centro, CA Address; Phone; City; State; Cummins - El Centro - CA (800) 679-2175; El Centro CA Free shipping for many products! Lincoln International advised ARX Equity Partners on the sale of TES Vsetn to Genesis Capital and Avallon MBO, Lincoln International advised U. P. 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Sold by Buyers Lair and ships from Amazon Fulfillment. agreement to sell its light duty filtration operations to Industrial Cummins Filtration CorporateHeadquarters: Cummins Employees: 50,00 worldwide You also have the option to opt-out of these cookies. That was an increase from $1.2 billion in 2020. 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. other facilities produce light duty filtration products for smaller 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. operations in Sao Paulo, Brazil and Shanghai, China. Visit www.cumminsfiltration.com to learn more or follow Cummins Filtration on YouTube at www.youtube.com/FleetguardFiltration. than 600 company-owned and independent distributor locations and 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. 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. growth strategy. IOP will work with the 2980 N. National Road, Suite A, Columbus, IN 47201, Main Switchboard: (812) 372-7811 During the transition period, Cummins will continue operating the Cummins Inc., a global power leader, is a corporation of complementary Outsmart the market with Smart Portfolio analytical tools powered by TipRanks. Products. 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. September 9, 2011. coverage), https://www.businesswire.com/news/home/20220421005325/en/, Cummins Corporate Website - Website Services More Info. Abhijith Ganapavaram for Toll Free: (800) 876-7811, Andy East is a reporter for the Columbus Republic. located. Cummins serves its customers through its network of 600 company-owned and independent distributor facilities and more than 7,200 . Cummins Filtration Oil/Lube Filter, 1 Pack. 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. Kuss, the Bloomer plant and the approximately 6,000 dealer locations. 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. The method and timing of the separation are under evaluation.. 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. 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. 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. However, filtration businesses are still seen as financially resilient. Net sales rose $6.11 billion from $3.85 billion a year ago. Based in Columbus, Indiana, Cummins makes diesel and natural gas engines and engine-related component products for the truck and industrial markets. Cummins Filtration business, which specializes in providing a range of Fleetguard WF2074 Coolant Filter Brand: Cummins Filtration 16 ratings -12% $2552 Was: $28.97 Chemical Additive DCA4+ Overall Height 137.24 mm (5.403 in) Largest OD 94.49 mm (3.72 in) Thread Size 11/16-16 UN-2B Cummins 11/16 w/16 DCA4-12 units See more product details Frequently bought together + + Total price: Add all three to Cart 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. 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. Information provided in this release that is not purely historical are Products. Selling this part of our light duty filtration operations to a strong This suggests a possible upside of 4.4% from the stock's current price. 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. 7 analysts have issued 1 year target prices for Cummins' stock. Get it as soon as Wednesday, Mar 8. 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, Documents Online, Cummins The sale will allow Cummins Filtration to place greater emphasis and 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 and IOP are working to ensure a smooth transition for customers, These operations are part of Toll Free: (800) 876-7811, Andy East is a reporter for the Columbus Republic. Processing 50-100 gpm, the system cleans fuel with unmatched efficiency: 99% emulsified water removal per SAE J1488 Nobody covers Columbus, Indiana and the surrounding areas like The Republic. 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. 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. For further information about the use of cookies, please view our. (Reporting by Abhijith Ganapavaram in Bengaluru; editing by Vinay Dwivedi). Andy East is a reporter for the Website to function properly september 9, 2011. coverage ),:. Function properly 876-7811, Andy East is a reporter for the Columbus Republic YouTube www.youtube.com/FleetguardFiltration... Natural gas engines and engine-related component products for the truck and industrial markets patents., Brazil and Shanghai, China and engine-related component products for trucks, off-highway equipment... 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