The sale involves Cummins' Kuss Filtration business in Findlay, Ohio, the filtration business at Bloomer, Wisconsin, and Kuss operations in Sao Paulo, Brazil and Shanghai, China.
Kuss, the Bloomer plant and the other facilities produce light duty filtration products for smaller engines used in gasoline applications, including in-tank fuel filters. They are part of the Cummins Filtration business, which specialises in providing a range of filtration products for diesel engines.
“Selling this part of our light duty filtration operations to a strong buyer like Industrial Opportunity Partners provides Kuss and the business in Bloomer with the opportunity to grow while allowing us to concentrate on markets that are core to Cummins’ long-range growth plans,” said Joseph Saoud, president of Cummins Filtration.
“IOP will work with the current management team to help drive operational improvements, implement lean manufacturing initiatives, accelerate cost structure improvements and pursue growth opportunities,” said Hasnain Merchant, the current general manager of the business and CEO of the new company.
The new business will revive the Kuss Filtration name and will be headquartered in Findlay, Ohio.