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Filtration businesses go on sale
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industrial news Filtration businesses go on sale Esco Technologies Inc has announced that it is sellin its microfiltration and separations businesses, which include PTI Advanced Filtration Inc (Oxnard, California, USA), PTI Technologies Ltd (Sheffield, UK) and PTI SpA (Milan, Italy). The microfiltration and separations businesses produce membrane-based microfiltration and separation products and systems for use in process scale filtration and separation applications. Their key customer segments include the food and beverage, pharmaceutical, healthcare, microelectronics, industrial coatings and petrochemical markets. According to Victor L Richey, Esco Technologies’ chairman and chief executive officer (CEO), "After a comprehensive review of the actions required to best position the company to meet its long-term objectives, we have decided to sell our microfiltration and separations businesses. As such, the businesses will be reported as 'discontinued operations' beginning with our fiscal 2003 fourth quarter. The company had previously reported that the microfiltration and separations businesses were significantly dilutive to its earnings, particularly in the first six months of 2003. Following the sale, Esco Technologies' growth focus will be on developing new partners in the automatic meter reading market place, and on filtration related medical devices, medical shielding and drop-in acquisitions for its aerospace filtration businesses. Esco Technologies Inc, 8888 Landue Road, Suite 200, St Louis, MO 63124-2055, USA. Tel: +1 314 213 7200; Fax: +1 314 213 7250; Website: www.escotechnologies.com
Polish after-market partnership Mann+Hummel has begun a co-operation with Inter-Team, which means the later will promote sales for Mann-Filter brand products in the independent after-market in Poland. According to Mann+Hummel, this new partnership will strengthen its existing position in the Polish after-market. Inter-Team has an extensive sales network and 14 years of experience in the field. The company represents more than 50 automotive component suppliers and maintains close business contacts to independent wholesalers and workshops. By working with Inter-Team, Mann+Hummel will be able to deal directly with Mann-Filter customers all over Poland. With this co-operation, Mann+Hummel is continuing its globalization strategy. The company’s market position has been extended in Europe, with growth in Eastern Europe reaching double-figures. Worldwide, the sales of the Mann-Filter brand rose by more than 7%. Contact: Mann+Hummel GmbH, 71631 Ludwigsburg, Germany. Tel: +49 7141 98 2906; Website: www.mann-hummel.com
4 September 2003
Air filter media resin business acquired Borden Chemical Inc, a global manufacturer of chemicals, adhesives and resins for the industrial and wood markets, has acquired the filtration media resins business of Southeastern Adhesives Co (Lenoir, North Carolina, USA). The terms of the transaction were not disclosed. The acquired business makes urea formaldehyde resins used to bind glass fibres into media for both residential and industrial furnaces air filters for and other air handling equipment. It will become part of Borden Chemical's nonwovens resins business, which is based in Morganton, North Carolina. Resin production for the air filtration media business will shift to Borden Chemical's manufacturing plants. Southeastern Adhesives will continue to operate its plant in Lenoir, which produces resins for other industrial markets. "Southeastern Adhesives' filtration resins business is a perfect fit with our existing nonwovens resins business and further extends our reach into this important market," said Peter Wallace, nonwovens business leader for Borden Chemical. Borden Chemical’s urea and phenol formaldehyde resins are used in a variety of nonwovens applications, including paper and fibreglass air and oil automotive filters, thermal insulation for home and industrial applications, fibreglass mat used to produce roofing shingles. Contact: Borden Chemical Inc, 180 East Broad Street, Columbus, OH 43215, USA. Tel: +1 614 225 4000; Fax: +1 614 225 4357; Website: www.bordenchemical.com
Netzsch retains independence The previously announced deal between Netzsch Group (Selb, Germany) and Colfax Corp (Richmond, VA, USA) (Filtration+Separation, May 2003, p.4) to join forces has fallen through. This means that Netzsch and it four business divisions: Filtration, Grinding & Dispersing, Pumps and Analyzing and Testing, will remain independent. In April 2003, both companies announced the intention of Colfax to acquire the Netzsch Group. Despite the Federal Cartel Office having recently approved the merger, Colfax has called-off the deal citing that it was unable to meet the parameters of the acquisition finance facility. This is according to a statement from Netzsch. Thomas Netzsch, the managing shareholder of Netzsch commented: “We find it unfortunate, since we saw attractive synergies in a merger of Netzsch and Colfax. However, the Netzsch Group will continue to independently pursue its successful path.” He went to say that the amount of orders on hand at the beginning of the actual business year starting 1 July was 10% higher than in the previous year, and that the company will achieve its strategic goals in all of its main business areas. Contact: Netzsch Group, Gebrüder-Netzsch-Straße 19 D-95100 Selb, Germany. Tel: +49 9287 75 0; Fax: +49 9287 75 208: E-mail: [email protected]; Website: www.netzsch.com
www.filtsep.com
08/09/2003
11:33
Page 4
industrial news Filtration businesses go on sale Esco Technologies Inc has announced that it is sellin its microfiltration and separations businesses, which include PTI Advanced Filtration Inc (Oxnard, California, USA), PTI Technologies Ltd (Sheffield, UK) and PTI SpA (Milan, Italy). The microfiltration and separations businesses produce membrane-based microfiltration and separation products and systems for use in process scale filtration and separation applications. Their key customer segments include the food and beverage, pharmaceutical, healthcare, microelectronics, industrial coatings and petrochemical markets. According to Victor L Richey, Esco Technologies’ chairman and chief executive officer (CEO), "After a comprehensive review of the actions required to best position the company to meet its long-term objectives, we have decided to sell our microfiltration and separations businesses. As such, the businesses will be reported as 'discontinued operations' beginning with our fiscal 2003 fourth quarter. The company had previously reported that the microfiltration and separations businesses were significantly dilutive to its earnings, particularly in the first six months of 2003. Following the sale, Esco Technologies' growth focus will be on developing new partners in the automatic meter reading market place, and on filtration related medical devices, medical shielding and drop-in acquisitions for its aerospace filtration businesses. Esco Technologies Inc, 8888 Landue Road, Suite 200, St Louis, MO 63124-2055, USA. Tel: +1 314 213 7200; Fax: +1 314 213 7250; Website: www.escotechnologies.com
Polish after-market partnership Mann+Hummel has begun a co-operation with Inter-Team, which means the later will promote sales for Mann-Filter brand products in the independent after-market in Poland. According to Mann+Hummel, this new partnership will strengthen its existing position in the Polish after-market. Inter-Team has an extensive sales network and 14 years of experience in the field. The company represents more than 50 automotive component suppliers and maintains close business contacts to independent wholesalers and workshops. By working with Inter-Team, Mann+Hummel will be able to deal directly with Mann-Filter customers all over Poland. With this co-operation, Mann+Hummel is continuing its globalization strategy. The company’s market position has been extended in Europe, with growth in Eastern Europe reaching double-figures. Worldwide, the sales of the Mann-Filter brand rose by more than 7%. Contact: Mann+Hummel GmbH, 71631 Ludwigsburg, Germany. Tel: +49 7141 98 2906; Website: www.mann-hummel.com
4 September 2003
Air filter media resin business acquired Borden Chemical Inc, a global manufacturer of chemicals, adhesives and resins for the industrial and wood markets, has acquired the filtration media resins business of Southeastern Adhesives Co (Lenoir, North Carolina, USA). The terms of the transaction were not disclosed. The acquired business makes urea formaldehyde resins used to bind glass fibres into media for both residential and industrial furnaces air filters for and other air handling equipment. It will become part of Borden Chemical's nonwovens resins business, which is based in Morganton, North Carolina. Resin production for the air filtration media business will shift to Borden Chemical's manufacturing plants. Southeastern Adhesives will continue to operate its plant in Lenoir, which produces resins for other industrial markets. "Southeastern Adhesives' filtration resins business is a perfect fit with our existing nonwovens resins business and further extends our reach into this important market," said Peter Wallace, nonwovens business leader for Borden Chemical. Borden Chemical’s urea and phenol formaldehyde resins are used in a variety of nonwovens applications, including paper and fibreglass air and oil automotive filters, thermal insulation for home and industrial applications, fibreglass mat used to produce roofing shingles. Contact: Borden Chemical Inc, 180 East Broad Street, Columbus, OH 43215, USA. Tel: +1 614 225 4000; Fax: +1 614 225 4357; Website: www.bordenchemical.com
Netzsch retains independence The previously announced deal between Netzsch Group (Selb, Germany) and Colfax Corp (Richmond, VA, USA) (Filtration+Separation, May 2003, p.4) to join forces has fallen through. This means that Netzsch and it four business divisions: Filtration, Grinding & Dispersing, Pumps and Analyzing and Testing, will remain independent. In April 2003, both companies announced the intention of Colfax to acquire the Netzsch Group. Despite the Federal Cartel Office having recently approved the merger, Colfax has called-off the deal citing that it was unable to meet the parameters of the acquisition finance facility. This is according to a statement from Netzsch. Thomas Netzsch, the managing shareholder of Netzsch commented: “We find it unfortunate, since we saw attractive synergies in a merger of Netzsch and Colfax. However, the Netzsch Group will continue to independently pursue its successful path.” He went to say that the amount of orders on hand at the beginning of the actual business year starting 1 July was 10% higher than in the previous year, and that the company will achieve its strategic goals in all of its main business areas. Contact: Netzsch Group, Gebrüder-Netzsch-Straße 19 D-95100 Selb, Germany. Tel: +49 9287 75 0; Fax: +49 9287 75 208: E-mail: [email protected]; Website: www.netzsch.com
www.filtsep.com