Donaldson Company to acquire Facet filtration business of Filtration Group for $820m.

Donaldson Company, a provider of filtration solutions, agreed to acquire Facet filtration business of Filtration Group, a provider of filtration consumables that are designed to drive innovation and deliver solutions, for $820m. “Facet is a valuable, strategic addition to our Industrial Solutions business, increasing our exposure to attractive, durable end markets which require high-performance filtration solutions. This acquisition strengthens and diversifies our core product portfolio with new capabilities in fuel and fluid filtration including jet fuel filtration where Facet is a global pioneer. Importantly, approximately 70% of revenues are driven by recurring, regulated replacement part sales with high margins," Tod Carpenter, Donaldson Company Chairman, President and Chief Executive Officer.