Donaldson Company, Inc. (NYSE: DCI), a global leader in engine
filtration, announced today that it has acquired 100 percent of the
shares of Engineered Products Company, a leading designer and
manufacturer of indicators, gauges, switches and sensors for engine air
filtration and liquid filtration systems.
Founded in 1977 and based in Waterloo, Iowa, Engineered Products
generates annual sales of approximately $9 million through its
well-known Filter Minder® brand. Filter Minder®
products connect to air and fuel filtration systems to measure, indicate
and predict remaining filter life.
"The acquisition of Engineered Products supports our strategy of
technical leadership in filtration products for both our OEM Customers
and their end users of our filters," said Tom Scalf, Donaldson's Senior
Vice President for Engine Products. "We see an increasing need for
measuring and monitoring filter life in diesel powered equipment, and
communicating filter status information visually, electronically and
remotely as vehicles become increasingly connected with fleet management
systems. The information from Filter Minder® products helps
equipment operators maximize the performance and uptime of their
equipment, and plan their filter changes."
Miscellaneous
Donaldson has completed the acquisition, and the revenue from Engineered
Products will be reported in Donaldson's Engine Products Segment. For
more information about Donaldson, please visit the Company's Investor
Relations site at IR.Donaldson.com.
The Company desires to take advantage of the "safe harbor" provisions of
the Private Securities Litigation Reform Act of 1995 (the "Act") and is
making this cautionary statement in connection with such safe harbor
legislation. This announcement contains forward-looking statements,
including, without limitation, forecasts, plans, trends, and projections
relating to our business and financial performance and global economic
conditions, which involve uncertainties that could materially impact
results. All statements other than statements of historical fact are
forward-looking statements. These statements do not guarantee future
performance.
The Company wishes to caution investors that any forward-looking
statements are subject to uncertainties and other risk factors that
could cause actual results to differ materially from such statements,
including but not limited to risks associated with: world economic
factors and the ongoing economic uncertainty, the reduced demand for
hard disk drive products with the increased use of flash memory,
currency fluctuations, commodity prices, political factors, the
Company's international operations, highly competitive markets,
governmental laws and regulations, including the impact of the various
economic stimulus and financial reform measures, the implementation of
our new information technology systems, information security and data
breaches, potential global events resulting in market instability
including financial bailouts and defaults of sovereign nations, military
and terrorist activities, including political unrest in the Middle East
and Ukraine, health outbreaks, natural disasters, and all of the other
risk factors included in our Annual Report on Form 10-K and Quarterly
Reports on Form 10-Q. We undertake no obligation to publicly update or
revise any forward-looking statements.
About Donaldson Company
Founded 100 years ago, Donaldson (NYSE: DCI) is a global leader in the
filtration industry. The Company's innovative filtration technologies
improve people's lives, enhance Customers' equipment performance and
protect the environment. More than 12,500 employees support Customers at
140 sales, manufacturing, and distribution locations. For more
information, visit www.donaldson.com.
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Donaldson Company, Inc.
Brad Pogalz, 952-887-3753
Aug 31, 2015