Donaldson Company Inc has received a binding offer from Nelson Global Products Inc to purchase its Exhaust and Emissions (E&E) business.
The transaction would include Donaldson’s dedicated E&E sales and engineering functions, production facilities and lab capabilities. Donaldson’s E&E business had revenues of approximately US$120 million in fiscal 2019.
The filtration company will now engage in a consultation with its employee representative committees in Europe. When the consultation process is completed, Donaldson will have the right to enter into a purchase agreement with Nelson.
“We have a disciplined approach to managing our portfolio of filtration businesses, and the potential divestiture of Exhaust and Emissions reflects our commitment to pursuing opportunities where we believe we offer a distinct competitive advantage,” said Tod Carpenter, chairman, president and CEO of Donaldson. “We believe that Nelson, a global leader in the design and manufacture of thermal management, acoustic, air and fluid mechanics, and structural solutions, will provide E&E customers and employees a greater level of support.”