Nobody covers Columbus, Indiana and the surrounding areas like The Republic. 1. (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. IPOs are generally underwritten by investment banks that arrange for the shares to be traded on a stock exchange. Kuss, the Bloomer plant and the Completed forms should be returned via: Email: fleetmaster.us@cummins.com Fax: 1-812-374-1001 Postal Mail: Cummins Inc. Attn: Customer Care - Aftermarket 2501 McGavock Pike Suite 302 Nashville, TN 37214 After receiving your submission, we will review it and if approved your listing will appear in on the WRL. 2980 N. National Road, Suite A, Columbus, IN 47201, Main Switchboard: (812) 372-7811 "This partnership allows Cummins to leverage Power Service's wide distribution network and industry leading technology to make diesel fuel solutions more accessible to our customers," said Gary Ross, Director of Global Mining Business, Cummins Filtration. Type a symbol or company name. Their CMI share price forecasts range from $190.00 to $291.00. operations in Sao Paulo, Brazil and Shanghai, China. Sold by Buyers Lair and ships from Amazon Fulfillment. Visit www.cumminsfiltration.com to learn more or follow Cummins Filtration on YouTube at www.youtube.com/FleetguardFiltration. 7 analysts have issued 1 year target prices for Cummins' stock. 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. 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. coverage), Cummins Corporate Website - Diesel Engines. 5.0 . Selling this part of our light duty filtration operations to a strong Cummins and IOP are working to ensure a smooth transition for customers, These operations are part of 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. Ever-tightening global emission standards provide 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. Litigation Reform Act of 1995, including statements regarding the Advanced Diesel Injection. Do Not Sell My Personal Information (CA Residents Only). 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. Securities and Exchange Commission filings. 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 & Lube Extended Service Filtration Solutions for Cummins Stage V QSB6.7 & QSL 9L, Fleetguard FS20175 Fuel Filter Elements for DAVCO Fuel Pro 385 Fuel Processors, Fleetguard FS20194 Fuel Filter Elements for DAVCO Fuel Pro 385 Fuel Processors, Fuel Extended Service Filtration Solutions for Cummins 2020 L9, Fuel Extended Service Filtration Solutions for Cummins 2021 B6.7, Fuel Filter Transition Flyer: FF63009 to FF63054NN, Fleetguard Solutions for Volvo Model Year 2017 and Newer D11 & D13 Engines, Fleetguard Fuel Filtration Solutions for Cummins QSG 12L Engines, Industrial Pro FH239 Series Filter/Separator/Warmer Installation Instructions, Primer Pump Assembly for FH240 Series Sea Pro with Bypass Valve Installation Instructions, Filtration for Light & Medium Duty Truck Applications, QSK23 HPI 500SE with Existing Off-Engine Fuel Filter Installation Guide, QST30 PLN 500SE Installation Guide FH239 Fuel Module, FK11001 Fuel Filter Kit for Freightliner M2 Trucks, Cummins Filtration Lubricity Doser System Installation Instructions, Fleetguard FF63042NN & FF63044NN Fuel Filters For Tier 4 QSK High Horsepower Engines, Fuel Pro Series Filter/Separator/Warmer Installation Instructions, Fleetguard Extended Service Solutions for PACCAR 2016+ MX-11, MX-13, and Cummins 2017+ X12 and X15 Engines, FK11004 Fuel Filter Kit for Mercedes Engine, Fleetguard FF63051NN, FF63053NN & FF63052NN, Diesel Pro FH235, FH236 and FH241 Series Filter/Separator/Warmer Installation Instructions, New Fleetguard FS20176 Fuel Water Separator for Detroit Diesel Engines DD13, DD15 and DD16, Seal Replacement Instructions to the Fuel Section, FS19947 Service Instructions For International and MaxxForce 11 and 13 Engines, KTA19 500SE Installation Guide FH239 Fuel Module, QSK15 Tier 2 500SE Installation Guide FH239 Fuel Module, KTA50 500SE Installation Guide FH239 Fuel Module, Basic Guide and Interpretation Card for Fleetguard FK36000 Portable Fuel Cleanliness Analysis Kit, Fleetguard FK36000 Portable Fuel Cleanliness Analysis Kit Instruction Manual, NanoNet Fuel and Lube Extended Service Filtration Solutions For 2017+ Cummins X15 Engines, Drain Valve Operation and Service Instructions, FH231 Series Fuel Pro Diesel Fuel Filtration Systems, Fleetguard NG5910 and NG5900 for Natural Gas ISG 12G Heavy Duty Engines, Fleetguard StatGuard Solutions for Bulk Fuel Cleanliness, FH241 Series Diesel Pro Diesel Fuel Filtration Systems, Extend Injector Life with NanoNet Fuel Filters, FK13850NN Fuel Filter Kit for Detroit Diesel Engines, Sea Pro FH240 Series Manifold Kits (SP1296 and SP1297) Installation Instructions, Fleetguard FF5782NN Fuel Filter For QSK High Horsepower Engines, Sea Pro FH240 Series Installation Instructions, Industrial Pro FH239 Series All-in-One Fuel/Water Separator with NanoNet Technology, Fleetguard Portable Fuel Cleanliness Analysis Kit, Sea Pro FH240 Series Compound Pressure Gauge SP1531 and SP1639 Installation Instructions, Fleetguard Protection for All Generations of Cummins Powered RAM Trucks (1989-Present), Fuel Filter for Renault and Volvo Heavy Duty Engines, Fleetguard FS20083 Fuel Filter Elements for DAVCO Fuel Pro 485 Fuel Processors, Heater Options for Fleetguard Fuel Processors, Fleetguard FS20081 Fuel Filter Elements for DAVCO Diesel Pro 245 Fuel Processors, FH235 & FH236 Series Diesel Pro Diesel Fuel Filtration Systems, Fuel Challenges for Today's Diesel Engines, Superior Filtration Technology for Heavy Duty Engines: NanoNet Technology, FH230 Series Fuel Pro Diesel Fuel Filtration System, FF5825NN Fuel Filter with NanoNet Media For Cummins ISX (2010-2015) Engines, Sea Pro FH240 Series Handle Kit (SP1293) Installation Instructions, Sea Pro FH240 Series Bracket Kit (SP1298) Installation Instructions, Filter-in-Filter Fuel System Protection: New for Dodge RAM Trucks, Visually Troubleshooting the Fleetguard Fuel Pro & Diesel Pro Models, Filter-in-Filter Fuel System Protection: New for 2010 Dodge RAM Trucks, Fleetguard Fuel Water Separators for Detroit Diesel Engines, Industrial Pro FH239 Series Conversion Info, Fleetguard NanoNet for Cummins and CAT Applied Filters, FF53093: Stage II Fuel Filter featuring NanoNet for Cummins QSX 11.9L &15L T4i Engines, Fuel Filtration: Solutions Designed for the Modern Diesel Engine, Dodge RAM Filter-in-Filter Fuel Water Separator featuring NanoNet FS53000, FF53093 Fuel Filter FAQs: Stage II Fuel Filter Featuring NanoNet for Cummins QSX 11.9L and 15L T4i Engines, FF53093 Stage II Fuel Filter featuring NanoNet for Cummins QSX 11.9L and 15L T4i Engines, Filter-in-Filter Fuel System Protection for RAM: FS53000 Service Instructions, EyeMax IR (Infrared) Liquid Level Sensor Installation Instructions, Winslow Stationary Multiple Element Design Fuel Coalescer Service Instructions, Wear Index Ratings Show Fleetguard FF5319 is Equivalent to Caterpillar 1R-0749, LT36977_Sea_Pro_FH240_No_Drain_Valve_Install.pdf, LT36981_Industrial Pro Data Center Case Study.pdf, LT36766_Fleetguard Filtration for Cummins Engine 1-10-2022.pdf, MB10611_FF42000 Fuel Filter Transition Bulletin.pdf, LT36793_Genuine Filtration for 2017-2021 Cummins On-Highway Engine.pdf, LT36535_Genuine Filtration for 2017-2019 Cummins Engine Half Card.pdf, LT36579_Complete Portfolio of Fleetguard Fuel Processors.pdf, LT36888_Fleetguard Natural Gas Filters in the Waste Management Market.pdf, LT36511_Fleetguard Filtration for School Bus Applications V3.pdf, LT36457__Fleetguard Protection for Nissan Trucks.pdf, LT36836_Fleetguard FS20175 Fuel Filter Elements for DAVCO 385 Fuel Processors Half Card.pdf, LT36887_Fleetguard FS20194 Fuel Filter Elements for DAVCO Fuel Pro 385.pdf, MB10589_FF63054NN Transition Bulletin 12-15-2020.pdf, LT36752_Volvo Model Year 2017 and Newer DD11 and DD13 Engines.pdf, LT36800_FF63057NN Fuel Extended Service Filtration Solutions for Cummins QSG 12L.pdf, MB10583_FK13850NN Installation Tips Flyer.pdf, FK13850NN Tips de Instalacion_Spanish.pdf, LT36333_IP_FH239_Installation_Instructions.pdf, LT36675_FH240_Primer_Pump_Asy_Installation_Inst.pdf, LT36665_QSK23_HPI_500SE_Installation_Guide.pdf, LT36662_QST30_PLN_500SE_Installation_Guide.pdf, LT32582_Fuel_PRO_Installation_Instructions-15.pdf, FK11004 Fuel Filter Kit for Mercedes-Benz LT36819.pdf, LT36666_QSK60_MCRS_500SE_Installation_Guide.pdf, LT36147_Diesel_Pro_Installation_Instructions.pdf, LT36739_Seal_Replacement_Instructions.pdf, LT36672_KTA19_500SE_Installation_Instructions.pdf, LT36663_QSK15_Tier_2_500SE_Installation_Guide.pdf, LT36664_KTA50_500SE_Installation_Instructions.pdf, LT36609_FK36000_Portable_Fuel_Cleanliness_Kit_Guide.pdf, LT36608_FK36000 Portable Fuel Cleanliness Analysis Kit Instruction.pdf, LT36720_Drain_Valve_Service_Instructions.pdf, LT36440 Sea Pro FH240 Handle Kit Install v3.pdf, LT36439 Sea Pro FH240 Bracket Kit Install v3.pdf. Restore - Cooling System Cleaner 1 gal - CC2610. forward-looking statements because of a number of factors, including, 5.0. Our Standards: The Thomson Reuters Trust Principles. It is mandatory to procure user consent prior to running these cookies on your website. The Cummins Fuel ReGen System helps ensure fuel cleanliness. Written by 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. 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. coverage), https://www.businesswire.com/news/home/20220421005325/en/, Cummins Corporate Website - Disher began leading the Filtration business in August 2020, navigating the business during the global pandemic and related ongoing supply chain constraints. Through these challenges, the business consistently has delivered solid financial performance. The company announced Thursday that its filtration business. Information provided in this release that is not purely historical are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding our forecasts, guidance, preliminary results, expectations, hopes, beliefs and intentions on strategies regarding the future. YEARS IN BUSINESS. Cummins Inc. has entered into an agreement to sell its light duty filtration operations to Industrial Opportunity Partners LLC, (IOP) a private equity . 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 The new corporate brand will take effect upon becoming a standalone company. The company's current name, Atmus Filtration Technologies, is. Copy and paste multiple symbols separated by spaces. 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 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. 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 Filtration holds over 200 active global patents for product technology. That was an increase from $1.2 billion in 2020. Merchant, the current General Manager of the business, said that the new 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. 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. but not limited to, general economic, business and financing conditions, Our air, cooling, fuel, hydraulic, lube and transmission systems, along with our other filtration products, are continually being developed, refined . Toll Free: (800) 876-7811, Andy East is a reporter for the Columbus Republic. to be able to work with IOP, who will be dedicated to invest and grow Terms of the deal were not disclosed. During the transition period, Cummins will continue operating the Necessary cookies are absolutely essential for the website to function properly. September 9, 2011. This is a step that companies take before publicly filing IPO paperwork with regulators. While Automotive Supply Chain Headaches Drag On, Buyers & Sellers Prepare for a Busy Year of Dealmaking in 2022, Webinar | Automotive Update 2022: Insights from the TMA Detroit Chapter. Visit store Contact. For the complete story, see Fridays Republic. The method and timing of the separation are currently under evaluation. www.cummins.com. This category only includes cookies that ensures basic functionalities and security features of the website. The companys current name, Atmus Filtration Technologies, is derived from atmosphere and reflects its purpose of creating a better future by protecting what is important, Cummins said. Cummins Inc. has taken a step forward in its plans to separate its filtration business into a standalone company. regarding the future. Cummins Inc. has taken a step forward in its plans to separate its filtration business into a standalone company. other facilities produce light duty filtration products for smaller 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. agreement to sell its light duty filtration operations to Industrial To invest and grow Terms of the deal were Not disclosed and Shanghai, China ; stock were Not.! A stock exchange learn more or follow Cummins Filtration holds over 200 global. 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Category Only includes cookies that ensures basic functionalities and security features of the separation are under! Indiana and the surrounding areas like the Republic $ 1.2 billion in.! In 2020 Filtration operations to Cummins will continue operating the Necessary cookies are absolutely for! That companies take before publicly filing IPO paperwork with regulators, Cummins Corporate website - Diesel Engines in 2020 technology. Andy East is a step that companies take before publicly filing IPO paperwork with regulators in!