Cummins Inc. to Retain Kuss Filtration Business
COLUMBUS, Ind.--Sept. 17, 2002--Cummins Inc. announced today that it was unsuccessful in its search for a strategic buyer for Kuss Filtration and has decided to retain Kuss, a wholly-owned subsidiary of Cummins Fleetguard. Given current market conditions and Kuss' track record of profitable growth, the Company will continue to operate the business.Kuss Filtration has been a leader in the development of filtration solutions for automotive, medical and consumer goods industries since 1949. Kuss is headquartered in Findlay, Ohio with a small operation in Quimper, France. It employs approximately 350 people.
A global power leader, Cummins Inc., is a corporation of complementary business units that design, manufacture, distribute, and service electrical power generation systems, engines, and related technologies, including fuel systems, controls, air handling, filtration, and emissions solutions. Headquartered in Columbus, Indiana (USA), Cummins serves its customers through more than 500 company-owned and independent distributor locations in 131 countries and territories. With 24,900 employees worldwide, Cummins reported sales of $5.7 billion in 2001. Press releases by fax can be requested by calling News On Demand (toll free) at 888-329-2305. Cummins home page can be found at www.cummins.com.