Donaldson Company Announces Acquisition Of Engineered Products
Article courtesy of The Greeneville Sun.
Originally published September 3, 2015
Donaldson Company Inc. 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, according to a Donaldson news release.
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."
Donaldson (NYSE: DCI) has completed the acquisition, and the revenue from Engineered Products will be reported in Donaldson's Engine Products Segment, according to the release.
Founded 100 years ago, Donaldson manufactures air filtration systems for stationary gas turbines and other rotating equipment used in power generation, oil and gas production, and transmission and petrochemical industries.
Donaldson employs more than 12,500 employees at 140 sales, manufacturing and distribution locations, including about 175 employees at its Greeneville manufacturing facility.
For more information, visit www.donaldson.com.