SKF sells two filtration businesses

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 specialized 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.

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.