Announced
Financials
Tags
United States
exhaust
Majority
filtration equipment
Private
emissions
Electronic Equipment: Control and Filter
Acquisition
Single Bidder
Friendly
Failed
Synopsis
Nelson Global Products, which manufactures and markets auto parts, terminated the acquisition of the Exhaust and Emissions business of Donaldson, a provider of innovative filtration products and solutions. Financial terms were not disclosed. "While we are disappointed the acquisition of our E&E business by Nelson will not be completed, we remain focused on our employees, customers and suppliers. Our E&E business is defined by an incredibly talented team, robust engineering capabilities and strong customer relationships. We remain committed to delivering quality emissions products in parallel with ongoing optimization efforts to ensure our business portfolio creates long-term value for our stakeholders," Tod Carpenter, Donaldson Chairman, President and CEO.
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