Donaldson Company, Inc. (NYSE: DCI), a leader in the global industrial
air filtration market through its Donaldson® Torit® business, announced
today that it has acquired a majority stake in IFIL.USA, LLC, a
manufacturer of pleated bag filters for industrial dust collection. The
agreement with IFIL USA is expected to contribute approximately $6
million to $8 million of revenue to Donaldson's fiscal 2016 results.
"IFIL USA is a great addition to Donaldson's industrial air filtration
business," said Tod Carpenter, Donaldson's President and CEO. "IFIL
USA's industry-leading technology gives Customers significant advantages
compared to traditional filter bags, including longer filter life,
faster filter changes and reduced air emissions. We look forward to
continuing IFIL USA's strong growth as a part of the Donaldson Team."
Founded in 2009 and based in Harrisonville, Missouri, IFIL USA's
innovative products are sold to a wide range of industries, including
primary metals, grain, food, mining, minerals and pharmaceuticals. IFIL
USA's operations, and its approximately 40 employees, will continue to
function as an independent company, supplying Customers and distributors
with its high quality pleated bag filters.
Donaldson has completed the transaction with IFIL.USA, LLC, and will
report revenue from the acquisition in its Industrial 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
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
Jun 30, 2015