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SKF sells Purafil and Kaydon Custom Filtration to Filtration Group
filtration
industryANALYST ISSN 1365-6937 July 2015
www.filtrationindustryanalyst.com
SKF sells Purafil and Kaydon Custom Filtration to Filtration Group
S
KF has divested Purafil Inc and Kaydon Custom Filtration Corp to Filtration Group Corp, an affiliate of Madison Industries. Both Purafil and Kaydon Custom Filtration joined the SKF Group in 2013 as part of the acquisition of Kaydon Corp. Atlanta, Georgia-headquartered Purafil develops and maintains gas phase air filtration systems and solutions that protect people, processes and the environment. Kaydon Custom Filtration is a supplier of specialised diesel fuel and oil filtration systems and filter elements for industrial applications based in LaGrange, Georgia. Purafil and Kaydon Custom Filtration had combined sales of approximately US$40 million in 2014. “Combining forces with such a forwardthinking company uniquely positions Kaydon Filtration to build upon its foundation of quality, innovation, and customer focus,” said James Mash, president and CEO of Purafil and Kaydon Custom Filtration. “I truly believe this is a remarkable opportunity for
us to expand our leadership in the filtration industry with a strategic partner.” Filtration Group is making a fixed payment of US$90 million on a cash-free and debt-free basis for the two businesses. There is also an earn-out of up to US$5 million, based on achievement of certain financial targets by the end of 2015. For further information, visit www.filtrationgroup.com, www.madison.net, www.purafil.com and www.kaydonfiltration.com
COMMENT The Filtration Group continues to add to its portfolio which already includes AG Industries, Air Flow Technology, Air System Products, Buffalo Filter, Chemco Manufacturing, Clear Edge Filtration, Con-Air Industries, Dafco Filtration Group, Filtrair, Filtran, Filtration Group, Global Filter, IBS Filtran, Jonell, Porex, Universal Air Filter, Waco Filters and Zinga Industries. n
Donaldson acquires dust collection and engine filter businesses
D
onaldson Co Inc has taken a majority stake in IFIL USA LLC, a manufacturer of pleated bag filters for industrial dust collection, and entered into a binding agreement to acquire Industrias Partmo SA, a Colombian manufacturer of replacement air, lube and fuel filters. Founded in 2009 and based in Harrisonville, Missouri, IFIL USA’s products are sold to a range of industries, including primary metals, grain, food, mining, minerals and pharmaceuticals. The business has approximately 40 employees.
“IFIL USA is a great addition to Donaldson’s industrial air filtration business,” said Tod Carpenter, Donaldson’s president and CEO. “IFIL USA’s industry-leading technology gives customers significant advantages compared to traditional filter bags, including longer filter life, faster filter changes and reduced air emissions. We look forward to continuing IFIL USA’s strong growth as a part of the Donaldson Team.” IFIL USA is expected to contribute approximately US$6 million–US$8 million of revenue to Donaldson’s fiscal 2016 results. Continued on page 2...
Contents Company Profile Entegris 6 Lanxess 7
Company Watch Alfa Laval 8 Clarcor 8 Donaldson 9 FLSmidth 9 Ovivo 10 Pentair 10 Porvair 11 United Envirotech 11
Diary Dividends
15 5
Exchange Rates
16
Financial Calendar
14
In Brief New Product Developments
4 14
News SKF sells Purafil and Kaydon Custom Filtration to Filtration Group 1 Donaldson acquires dust collection and engine filter businesses 1 Alfa Laval adds to separation aftermarket operations 2 Atlas Copco buys US specialty dryer rental company 2 Porvair expands US plant 2 3 BluMetric partners with Aquarion Fibracast breaks ground on new Canadian manufacturing plant 3 Ahlstrom refinances its revolving credit facility 3 GKD delivers double-digit growth in 2014 4 GrollTex raises seed funding from The Triton Fund 4 New structure for Grundfos in Asia Pacific 5 Surefire Industries to provide midstream and downstream equipment packages 5 Clarcor exits packaging to focus on filtration 16 Cleantech Invest increases its stake in Sofi Filtration 16
Orders & Contracts
13
People & Appointments
12
Stock Watch
15
ISSN 1365-6937/15 © 2015 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 July 2015
www.filtrationindustryanalyst.com
SKF sells Purafil and Kaydon Custom Filtration to Filtration Group
S
KF has divested Purafil Inc and Kaydon Custom Filtration Corp to Filtration Group Corp, an affiliate of Madison Industries. Both Purafil and Kaydon Custom Filtration joined the SKF Group in 2013 as part of the acquisition of Kaydon Corp. Atlanta, Georgia-headquartered Purafil develops and maintains gas phase air filtration systems and solutions that protect people, processes and the environment. Kaydon Custom Filtration is a supplier of specialised diesel fuel and oil filtration systems and filter elements for industrial applications based in LaGrange, Georgia. Purafil and Kaydon Custom Filtration had combined sales of approximately US$40 million in 2014. “Combining forces with such a forwardthinking company uniquely positions Kaydon Filtration to build upon its foundation of quality, innovation, and customer focus,” said James Mash, president and CEO of Purafil and Kaydon Custom Filtration. “I truly believe this is a remarkable opportunity for
us to expand our leadership in the filtration industry with a strategic partner.” Filtration Group is making a fixed payment of US$90 million on a cash-free and debt-free basis for the two businesses. There is also an earn-out of up to US$5 million, based on achievement of certain financial targets by the end of 2015. For further information, visit www.filtrationgroup.com, www.madison.net, www.purafil.com and www.kaydonfiltration.com
COMMENT The Filtration Group continues to add to its portfolio which already includes AG Industries, Air Flow Technology, Air System Products, Buffalo Filter, Chemco Manufacturing, Clear Edge Filtration, Con-Air Industries, Dafco Filtration Group, Filtrair, Filtran, Filtration Group, Global Filter, IBS Filtran, Jonell, Porex, Universal Air Filter, Waco Filters and Zinga Industries. n
Donaldson acquires dust collection and engine filter businesses
D
onaldson Co Inc has taken a majority stake in IFIL USA LLC, a manufacturer of pleated bag filters for industrial dust collection, and entered into a binding agreement to acquire Industrias Partmo SA, a Colombian manufacturer of replacement air, lube and fuel filters. Founded in 2009 and based in Harrisonville, Missouri, IFIL USA’s products are sold to a range of industries, including primary metals, grain, food, mining, minerals and pharmaceuticals. The business has approximately 40 employees.
“IFIL USA is a great addition to Donaldson’s industrial air filtration business,” said Tod Carpenter, Donaldson’s president and CEO. “IFIL USA’s industry-leading technology gives customers significant advantages compared to traditional filter bags, including longer filter life, faster filter changes and reduced air emissions. We look forward to continuing IFIL USA’s strong growth as a part of the Donaldson Team.” IFIL USA is expected to contribute approximately US$6 million–US$8 million of revenue to Donaldson’s fiscal 2016 results. Continued on page 2...
Contents Company Profile Entegris 6 Lanxess 7
Company Watch Alfa Laval 8 Clarcor 8 Donaldson 9 FLSmidth 9 Ovivo 10 Pentair 10 Porvair 11 United Envirotech 11
Diary Dividends
15 5
Exchange Rates
16
Financial Calendar
14
In Brief New Product Developments
4 14
News SKF sells Purafil and Kaydon Custom Filtration to Filtration Group 1 Donaldson acquires dust collection and engine filter businesses 1 Alfa Laval adds to separation aftermarket operations 2 Atlas Copco buys US specialty dryer rental company 2 Porvair expands US plant 2 3 BluMetric partners with Aquarion Fibracast breaks ground on new Canadian manufacturing plant 3 Ahlstrom refinances its revolving credit facility 3 GKD delivers double-digit growth in 2014 4 GrollTex raises seed funding from The Triton Fund 4 New structure for Grundfos in Asia Pacific 5 Surefire Industries to provide midstream and downstream equipment packages 5 Clarcor exits packaging to focus on filtration 16 Cleantech Invest increases its stake in Sofi Filtration 16
Orders & Contracts
13
People & Appointments
12
Stock Watch
15
ISSN 1365-6937/15 © 2015 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.