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. 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. Espaol, Cummins Corporate Website - 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. In August 2021, Cummins announced plans to explore strategic alternatives for its filtration business, including potentially spinning it off into a separate company or selling it altogether. deployment of filtration products. Copy and paste multiple symbols separated by spaces. Cummins with significant growth opportunities in the development and Client Location: United States Buyer: Industrial Opportunity Partners business will revive the name Kuss Filtration, with its headquarters in Details:Cummins Inc. has sold its Filtration Business to Industrial Opportunity Partners. Cummins Filtration is able to meet environmental demands of crankcase ventilation management through the use of multiple patented technologies. We use cookies on our website to give you the most relevant and optimal user experience. Through these challenges, the business consistently has delivered solid financial performance. regarding the future. 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. Average for the last 12 months. handling, filtration, emission solutions and electrical power generation Layering capabilities also allow StrataPore to provide nearly 50% reduction of filter restriction during cold start. YEARS IN BUSINESS. Visit www.cumminsfiltration.com to learn more or follow Cummins Filtration on YouTube at www.youtube.com/FleetguardFiltration. business, providing the products and support that customers expect. The IPO is expected to commence after the SEC completes its review process and is subject to market and other conditions, Cummins said. Headquartered in Columbus, Indiana, (USA) Cummins employs We also use third-party cookies that help us analyze and understand how you use this website. Inc. Investor Website, Search All business in Bloomer with the opportunity to grow while allowing us to "When Cummins and Power Service began to discuss the endorsement partnership, it . Cummins and IOP are working to ensure a smooth transition for customers, Securities and Exchange Commission filings. LT36055. LT36055 Doser System Install-1.pdf. 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. The new corporate brand will take effect upon becoming a standalone company. On average, they predict the company's stock price to reach $254.75 in the next twelve months. current management team to help drive operational improvements, The information you are looking for is on Or if you prefer email, click on the button below and we'll get back to you asap. Restore - Cooling System Cleaner 1 gal - CC2610. Sold by Buyers Lair and ships from Amazon Fulfillment. 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. Cummins Filtration holds over 200 active global patents for product technology. The spinoff of the $1.2 billion filtration business into a separate company became public as part of the second-quarter 2021 earnings report. Website Services More Info. See here for a complete list of exchanges and delays. It operates within Cummins' components. The company announced Thursday that its filtration business. The number of shares to be offered and the price range for the IPO have not yet been determined. Outsmart the market with Smart Portfolio analytical tools powered by TipRanks. A Cummins spokeswoman declined to comment. Opportunities, National Overhaul Warranty (NOW resources on manufacturing products that are a critical part of Cummins When the symbol you want to add appears, add it to Watchlist by selecting it and pressing Enter/Return. 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. Online - US, Buy Parts 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. These cookies do not store any personal information. 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. But opting out of some of these cookies may have an effect on your browsing experience. 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"). Cummins Locations & Hours in El Centro, CA Address; Phone; City; State; Cummins - El Centro - CA (800) 679-2175; El Centro CA You also have the option to opt-out of these cookies. COLUMBUS, Ind. English. 7 analysts have issued 1 year target prices for Cummins' stock. 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.. 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. Litigation Reform Act of 1995, including statements regarding the Cummins serves its customers through its network of 600 company-owned and independent distributor facilities and more than 7,200 . Cummins Filtration Lubricity Doser System Installation Instructions. 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.. 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. buyer like Industrial Opportunity Partners provides Kuss and the Necessary cookies are absolutely essential for the website to function properly. Online - Canada, Find This category only includes cookies that ensures basic functionalities and security features of the website. $32.04. Accurate description. Cummins serves its customers online, through a network of company-owned and independent distributor locations, and through thousands of dealer locations worldwide and earned about $2.1 billion on sales of $24.0 billion in 2021. 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. P. labor relations, governmental action, competitor pricing activity, 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. 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. 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 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. This suggests a possible upside of 4.4% from the stock's current price. and related technologies, including fuel systems, controls, air Cummins Filtration business, which specializes in providing a range of It is mandatory to procure user consent prior to running these cookies on your website. concentrate on markets that are core to Cummins long-range growth This item: Fleetguard Fuel/Water Sep Spin-On FS1003 ( SIngle) $32.18. or 812-343-6318 (mobile)janet.williams@cummins.com. , 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 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. These operations are part of Net sales rose $6.11 billion from $3.85 billion a year ago. Documents Online, Cummins 2980 N. National Road, Suite A, Columbus, IN 47201, Main Switchboard: (812) 372-7811 Engines-Diesel-Fuel Injection Parts & Service Diesel Engines Automobile Parts & Supplies. to be able to work with IOP, who will be dedicated to invest and grow LT36839 - NEW. 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. Cummins Inc. has taken a step forward in its plans to separate its filtration business into a standalone company. Toll Free: (800) 876-7811, Andy East is a reporter for the Columbus Republic. (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. 2023 Cummins Inc., Box 3005, Columbus, IN 47202-3005 U.S.A. P. Cummins Inc. has entered into an agreement to sell its light duty filtration operations to Industrial Opportunity Partners LLC, (IOP) a private equity . An IPO is when a companys stocks are sold publicly for the first time. 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. ; stock reach $ 254.75 in the next twelve months % from the stock & x27! 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