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Donaldson Company, Inc.
DCI, announced today that it has entered into
a definitive agreement to sell Ultratroc Gmbh, a manufacturer of compressed
air dryers located in Flensburg, Germany, to IJW Anlagenbau Gmbh (IJW).
The sale of the Flensburg manufacturing facility will be effective 23
September. Jan Weiner, the Plant Manager of Ultratroc Gmbh until 2010, is a
co-owner of IJW and returns as Manager of the Flensburg facility and its 38
employees. He brings many years of experience in the dryer business and will
help ensure a smooth transition for Ultratroc's current Customers, suppliers,
employees, and the local Flensburg community.
The Ultratroc business is currently part of Donaldson's Industrial Products
segment. Under the terms of the agreement, Donaldson will continue selling
Ultratroc's compressed air dryers and will retain the naming rights to the
brand names “Donaldson Ultrafilter” and “Ultrafilter.” Additional terms of the
sale were not disclosed. The sale will not have a material impact on
Donaldson's financial results.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Posted In: NewsAsset Sales
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