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Filtration Group to acquire Mahle's Industrial Filtration business and Essentra's Porous Technologies
filtration
industryANALYST ISSN 1365-6937 August 2016
www.filtrationindustryanalyst.com
Filtration Group to acquire Mahle’s Industrial Filtration business and Essentra’s Porous Technologies
F
iltration Group Corp has agreed to buy Mahle Group’s industrial filtration business and Essentra plc’s Porous Technologies operations. Mahle’s industrial filtration business segment employs about 900 people worldwide, with around 410 of these working in Öhringen, Baden-Württemberg, Germany. Industrial filtration products are outside Mahle’s core business which focuses primarily on the automotive industry. “In Filtration Group, we are pleased to have found a buyer that, thanks to its expertise and size, is in a position to give the industrial filtration business a boost,” said Wolf-Henning Scheider, chairman of the Mahle management board and CEO. “Mahle’s industrial filtration business will greatly expand Filtration Group’s product portfolio and customer base,” said Steve Felice, CEO of Filtration Group. “We are extremely pleased with the know-how and expertise of the workforce that has built a truly remarkable business.” The 370 employees at the Öhringen site who work for Mahle’s automotive Filtration and Engine Peripherals business unit, are unaffected by the sale. The transaction is subject to approval by the antitrust authorities. Essentra Porous Technologies develops and manufactures custom fluid handling components, engineered from a portfolio of technologies that includes bonded and non-woven fibre, polyurethane foam and porous plastics. For the year ended 31 December 2015, the Porous Technologies business generated external revenue of £91.6 million and operating profit of £19.0 million. “The addition of the Essentra Porous Technologies business increases our capabilities for our customers,” said Felice. “This
Contents Company Profile Lydall
6
Sartorius
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acquisition furthers our mission of becoming an innovative global filtration solution provider.” The acquisition of Porous Technologies broadens Filtration Group’s global presence by adding operations in the US, Asia and Europe. The transaction values Porous Technologies at £220 million. Chicago, USA-headquartered Filtration Group is an affiliate of Madison Industries.
Company Watch
For further information, visit www.mahle.com, www.essentraplc.com, www.filtrationgroup.com and www.madison.net
Dividends
Alfa Laval
8
Citic
9
Entegris
9
Lindsay
10
Metso
10
SPX Flow
11
Xylem
11
Diary
11
16
Financial Calendar
14
In brief
With two planned deals announced in quick succession, Filtration Group is firmly back on the acquisition trail. Mahle’s Industrial Filtration business and Essentra’s Porous Technologies unit are joining a strong filtration platform that already includes AG Industries, Air System Products, Buffalo Filter, Clear Edge Filtration, Filtrair, Filtran, Global Filter, IBS Filtran, Jonell, Kaydon, Porex, Purafil, Universal Air Filter, Waco and Zinga. Q
New Product Developments
Following its sale earlier this year to the Chinese company Chengdu Techcent Environment, the former Bilfinger subsidiary Water Technologies has been renamed Aqseptence Group (see Filtration Industry Analyst, February and April 2016). “Combining the words ‘aqua’ and ‘separation’, the name evokes ...Continued on page 2
5
Exchanges Rates
COMMENT
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ISSN 1365-6937/16 © 2016 Elsevier Ltd. All rights reserved. This journal and the individual contributions contained in it are protected under copyright by Elsevier Ltd, and the following terms and conditions apply to their use: Photocopying Single photocopies of single articles may be made for personal use as allowed by national copyright laws. Permission of the publisher and payment of a fee is required for all other photocopying, including multiple or systematic copying, copying for advertising or promotional purposes, resale, and all forms of document delivery. Special rates are available for educational institutions that wish to make photocopies for non-profit educational classroom use.
industryANALYST ISSN 1365-6937 August 2016
www.filtrationindustryanalyst.com
Filtration Group to acquire Mahle’s Industrial Filtration business and Essentra’s Porous Technologies
F
iltration Group Corp has agreed to buy Mahle Group’s industrial filtration business and Essentra plc’s Porous Technologies operations. Mahle’s industrial filtration business segment employs about 900 people worldwide, with around 410 of these working in Öhringen, Baden-Württemberg, Germany. Industrial filtration products are outside Mahle’s core business which focuses primarily on the automotive industry. “In Filtration Group, we are pleased to have found a buyer that, thanks to its expertise and size, is in a position to give the industrial filtration business a boost,” said Wolf-Henning Scheider, chairman of the Mahle management board and CEO. “Mahle’s industrial filtration business will greatly expand Filtration Group’s product portfolio and customer base,” said Steve Felice, CEO of Filtration Group. “We are extremely pleased with the know-how and expertise of the workforce that has built a truly remarkable business.” The 370 employees at the Öhringen site who work for Mahle’s automotive Filtration and Engine Peripherals business unit, are unaffected by the sale. The transaction is subject to approval by the antitrust authorities. Essentra Porous Technologies develops and manufactures custom fluid handling components, engineered from a portfolio of technologies that includes bonded and non-woven fibre, polyurethane foam and porous plastics. For the year ended 31 December 2015, the Porous Technologies business generated external revenue of £91.6 million and operating profit of £19.0 million. “The addition of the Essentra Porous Technologies business increases our capabilities for our customers,” said Felice. “This
Contents Company Profile Lydall
6
Sartorius
7
acquisition furthers our mission of becoming an innovative global filtration solution provider.” The acquisition of Porous Technologies broadens Filtration Group’s global presence by adding operations in the US, Asia and Europe. The transaction values Porous Technologies at £220 million. Chicago, USA-headquartered Filtration Group is an affiliate of Madison Industries.
Company Watch
For further information, visit www.mahle.com, www.essentraplc.com, www.filtrationgroup.com and www.madison.net
Dividends
Alfa Laval
8
Citic
9
Entegris
9
Lindsay
10
Metso
10
SPX Flow
11
Xylem
11
Diary
11
16
Financial Calendar
14
In brief
With two planned deals announced in quick succession, Filtration Group is firmly back on the acquisition trail. Mahle’s Industrial Filtration business and Essentra’s Porous Technologies unit are joining a strong filtration platform that already includes AG Industries, Air System Products, Buffalo Filter, Clear Edge Filtration, Filtrair, Filtran, Global Filter, IBS Filtran, Jonell, Kaydon, Porex, Purafil, Universal Air Filter, Waco and Zinga. Q
New Product Developments
Following its sale earlier this year to the Chinese company Chengdu Techcent Environment, the former Bilfinger subsidiary Water Technologies has been renamed Aqseptence Group (see Filtration Industry Analyst, February and April 2016). “Combining the words ‘aqua’ and ‘separation’, the name evokes ...Continued on page 2
5
Exchanges Rates
COMMENT
New name for Bilfinger Water Technologies
8
BakerCorp
4 14
News Filtration Group to acquire Mahle’s Industrial Filtration business and Essentra’s Porous Technologies
1
New name for Bilfinger Water Technologies
1
akvola Technologies secures Series A financing
2
LiqTech partners with Kailong to produce and sell SiC filters in China
3
Nordson puts polymer melt delivery equipment under BKG brand
3
Forterra buys two Californian stormwater filtration companies
3
New nutrient management company formed
4
A O Smith acquires Aquasana
4
Evoqua and Neptune Benson purchase Delta UV 5 Maag integrates operations in Americas
5
New structure unveiled for Alfa Laval
5
Pentair to sell Vales & Controls unit to Emerson
16
Unilever to acquire Blueair
16
Orders & Contracts
13
People & Appointments
12
Stock Watch
15
ISSN 1365-6937/16 © 2016 Elsevier Ltd. All rights reserved. This journal and the individual contributions contained in it are protected under copyright by Elsevier Ltd, and the following terms and conditions apply to their use: Photocopying Single photocopies of single articles may be made for personal use as allowed by national copyright laws. Permission of the publisher and payment of a fee is required for all other photocopying, including multiple or systematic copying, copying for advertising or promotional purposes, resale, and all forms of document delivery. Special rates are available for educational institutions that wish to make photocopies for non-profit educational classroom use.