MANN+HUMMEL takes over Purolator filters joint venture from Bosch
• Antitrust authorities have approved the transaction
• US foothold expanded: 1,000 new employees and US$ 240 m in sales
• Company to be named “MANN+HUMMEL Purolator Filters LLC”, based in Fayetteville, NC (USA)
Ludwigsburg (Germany) / Fayetteville, NC (USA), March 27, 2013 – The MANN+HUMMEL Group, based in Ludwigsburg, Germany, takes over Purolator filters LLC, previously a joint venture between Bosch and MANN+HUMMEL. Antitrust authorities have now approved the transaction. The business will continue to be based in Fayetteville, NC (USA), but will be re-named to MANN+HUMMEL Purolator Filters LLC. The terms of the deal have not been disclosed.
The German filtration expert MANN+HUMMEL and Bosch ran the joint venture for more than six years in a very productive partnership. While MANN+HUMMEL managed the Original Equipment (OE) business, Bosch took care of customers in the Independent Aftermarket (IAM). IAM customers that have been served by Bosch during the joint venture will be transitioned to MANN+HUMMEL Purolator Filters LLC. A seamless customer service is being guaranteed.
Alfred Weber, President and CEO of MANN+HUMMEL, said: “For our customers, Purolator will continue to be a trusted partner. We are committed to strengthening the Purolator brand and are providing new opportunities to the people of Purolator, who we warmly welcome to the MANN+HUMMEL family today.”
MANN+HUMMEL is incorporated in Germany, and has a global presence with over 50 locations. The independent market research institute Freedonia confirmed MANN+HUMMEL’s leadership in filtration in 2012. The latest study, which covers the total market for filtration applications world-wide, places the filter expert MANN+HUMMEL in the top position. With the acquisition of all of the Purolator shares, MANN+HUMMEL will further strengthen its OE and aftermarket business in NAFTA, as well as its global filter business.
With a comprehensive and diversified portfolio of complementary products, MANN+HUMMEL Purolator Filters LLC is well-positioned to address the automotive filtration sector with its strong and well-established Purolator and MANN-FILTER brands.
With five locations in NAFTA, MANN+HUMMEL employs close to 2,000 people in the region and has built solid relationships with customers ranging from vehicle and industrial equipment manufacturers to the aftermarket, distributors, and retailers. With its system competence, high market coverage, and strong brands, the MANN+HUMMEL filter business has grown substantially over the last years, and will be further strengthened by the integration of Purolator.
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The MANN+HUMMEL Group is a leading global expert for filtration solutions and development partner and original equipment supplier to the international automotive and mechanical engineering industries. Employing 14,750 people at more than 50 locations worldwide, the company achieved turnover of about 2.6 billion euros in 2012. The group’s product portfolio includes air filter systems, intake manifold systems, liquid filter systems, cabin filters and cylinder head covers made of plastic with many integrated functions for the automotive industry, as well as filter elements for vehicle servicing and repair. For general engineering, process engineering and industrial manufacturing sectors the company’s product range includes industrial filters, a series of products to reduce carbon emission levels in diesel engines, membrane filters for water filtration and filter systems. Further information about MANN+HUMMEL can be found under www.mann-hummel.com.