Purolator, which makes filters for the automotive OE/OES and aftermarket, is based in Fayetteville, North Carolina, USA. The company is expecting sales of US$240 million in 2012 and employs 1000 associates.
Mann+Hummel and Bosch set up the joint venture in 2006 after buying the company from Arvin Meritor. Over the last six years, Mann+Hummel and Bosch have strengthened Purolator as a major filter supplier in the US.
With the acquisition of all the shares, Mann+Hummel strengthens its OE and aftermarket business in NAFTA as well as its global filter business.
Alfred Weber, president and CEO of Mann+Hummel, said: “For our customers Purolator will continue to be a partner with the scale and scope to design, build and distribute leading edge filtration products and services. Our company will have one of the most experienced sales and services teams in the filtration industry. In fact, this acquisition will ideally benefit customers, employees and support our company’s strategy to become a global leader in filtration.”
Rob Malone, CEO of Purolator, added: “We are committed to strengthen the Purolator brand and to broaden our customer base. This deal gives Purolator unlimited access to Mann+Hummel’s know-how and thus benefits our customers. Purolator represents a strategic fit of portfolio, positioning and people.”