Donaldson Co Inc was founded in 1915 and organized under the laws of the State of Delaware in 1936. It is a manufacturer of filtration systems and replacement parts. The Company's product mix includes air and liquid filtration systems and exhaust and emission control products. Products are manufactured at 39 plants internationally and through three joint ventures. It has two reporting segments namely Engine Products and Industrial Products. Products in the Engine Products segment consist of air filtration systems, exhaust and emissions systems, liquid filtration systems and replacement parts. The Engine Products segment sells to original equipment manufacturers in the construction, mining, agriculture, aerospace, defense, and truck markets and to independent distributors, OEM dealer networks, private label accounts and large equipment fleets. Products in the Industrial Products segment consist of dust, fume and mist collectors, compressed air purification systems, liquid filtration systems, air filter systems for gas turbines, and specialized air filtration systems for diverse applications including computer hard disk drives. The Industrial Products segments sells to various industrial dealers, distributors, and end-users, OEMs of gas-fired turbines, and OEMs and end-users requiring clean air. The raw materials that the Company uses are steel, filter media, and petroleum-based products. The Company competes in a number of competitive filtration markets in both segments. The Company is subject to many environmental and product laws and regulations in the jurisdiction it operates.