Donaldson Company, Inc. (NYSE: DCI), announced today that it has entered
into a definitive agreement to sell Ultratroc Gmbh, amanufacturer
of compressed airdryers located in Flensburg, Germany, to IJW
Anlagenbau Gmbh (IJW).
The sale of the Flensburg manufacturing facility will be effective 23
September. Jan Weiner, the Plant Manager of Ultratroc Gmbh until 2010,
is a co-owner of IJW and returns as Manager of the Flensburg facility
and its 38 employees. He brings many years of experience in the dryer
business and will help ensure a smooth transition for Ultratroc's
current Customers, suppliers, employees, and the local Flensburg
community.
The Ultratroc business is currently part of Donaldson's Industrial
Products segment. Under the terms of the agreement, Donaldson will
continue selling Ultratroc's compressed air dryers and will retain the
naming rights to the brand names "Donaldson Ultrafilter" and
"Ultrafilter." Additional terms of the sale were not disclosed. The sale
will not have a material impact on Donaldson's financial results.
About Donaldson Company, Inc.
Donaldson is a leading worldwide provider of filtration systems that
improve people's lives, enhance our Customers' equipment performance,
and protect our environment. We are a technology-driven Company
committed to satisfying our Customers' needs for filtration solutions
through innovative research and development, application expertise, and
global presence. Our approximately 12,500 employees contribute to the
Company's success by supporting our Customers at our more than 100
sales, manufacturing, and distribution locations around the world.
Donaldson is a member of the S&P MidCap 400 and Russell 1000 indices,
and our shares trade on the NYSE under the symbol DCI. Additional
information is available at www.donaldson.com.
Donaldson Company, Inc.
Becky Cahn, 952-703-4590
Corporate
Communications Manager
Aug 13, 2013