Donaldson Company, Inc. (NYSE:DCI), announced today its intent to close
its Grinnell, Iowa, manufacturing facility, which manufactures mufflers
and other exhaust products for off-road equipment. The Grinnell plant
opened in 1952 to produce mufflers and air cleaners. Over the past 62
years, the Grinnell employees have manufactured millions of high quality
mufflers and other exhaust products for Customers around the world.
As a result of the diesel emission regulations in the U.S. over the past
10 years, the demand for our muffler products has fallen steeply as our
Customers moved from mufflers to emission control systems. "The need to
align our global manufacturing capacity to remain cost-competitive is
the overriding reason for our plan to close the Grinnell facility," said
Bill Cook, CEO of Donaldson.
Approximately 75 employees will be affected by the planned closure of
the facility. Employment levels will decline as work is transferred to
other Donaldson plants.
"We sincerely thank our Grinnell employees for their dedication,
cooperation, and efforts over the past six decades. Their commitment to
serving our Customers has been instrumental to our Company's success,"
said Bill Cook.
About Donaldson Company
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 12,800
employees contribute to the Company's success by supporting our
Customers at our more than 140 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
Becky Cahn, 952-703-4590
Nov 12, 2014