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Announced

Nelson Global Products terminated the acquisition of Donaldson's E&E business.

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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