Filtran, headquartered in Des Plaines, Illinois, specializes in automatic transmission filters with manufacturing facilities in Des Plaines; Lugoff, South Carolina; Morsbach, Germany; and Beijing, China.
Madison Capital Partners is a Chicago investment firm that acquires industrial manufacturing companies. The Filtran sale is expected to close by the end of this year.
SPX has reported Filtran’s financial results as discontinued operations since the fourth quarter of 2008.
