Cummins Finalizes Sale of Exhaust Business to Global Tube as It Focuses on Emission Solutions Business


cummins

COLUMBUS, IN--April 29, 2011: Cummins Inc. announced today that the sale of its exhaust business to Global Tube, a portfolio company of Wind Point Partners, a private equity firm headquartered in Chicago, Ill., has closed.

The sale was announced earlier this year and includes what were formerly Cummins exhaust operations in Stoughton, Arcadia, Black River Falls and Viroqua, all in Wisconsin, and in Scoresby, Australia and Daman, India.

The exhaust business was a small part of Cummins Emission Solutions (CES), which is within the Company's Components operating segment. CES specializes in providing a range of aftertreatment solutions and technologies to control emissions in diesel engines. The exhaust business was not a core part of the aftertreatment business.

This sale allows CES to place greater emphasis and resources on products that are a critical part of Cummins' growth strategy. As global emission standards become ever tighter, CES has opportunities for significant growth in developing and deploying aftertreatment systems for commercial vehicles.

Terms of the sale were not disclosed. The closing is consistent with the Company's disclosure in the Form 10-Q filed April 28.

About Cummins

Cummins Inc., a global power leader, is a corporation of complementary business units that design, manufacture, distribute and service engines and related technologies, including fuel systems, controls, air handling, filtration, emission solutions and electrical power generation systems. Headquartered in Columbus, Indiana, (USA) Cummins employs approximately 40,000 people worldwide and serves customers in approximately 190 countries and territories through a network of more than 600 company-owned and independent distributor locations and approximately 6,000 dealer locations. Cummins earned $1.0 billion on sales of $13.2 billion in 2010. Press releases can be found on the Web at Cummins.

Home | New Car Buyers Guide | Total New Car Costs | Reviews
Automotive News | PennySaver Classifieds | Media Library | Auto Parts

Copyright © 1996-2012 The Auto Channel. Contact Information, Credits, and Terms of Use. These following titles and media identification are Trademarks owned by Gordon Communications and have been in continuous use since 1987 : The Auto Channel, Auto Channel and TACH all have been in continuous use world wide since 1987, in Print, TV, Radio, Home Video, Newsletters, On-line, and other interactive media; all rights are reserved and infringement will be acted upon with force.

Privacy Statement | Size Does Matter | Media Kit | Affiliates

Send your questions, comments, and suggestions to Editor-in-Chief@theautochannel.com.

Submit press releases or news stories to submit@theautochannel.com.
Place copy in body of email, NO attachments please.

To report errors and other problems with this page, please use this form.

Link to this page: http://www.theautochannel.com/

*