Mann+Hummel Group say they have entered into a definitive agreement under which the German company will acquire the global filtration operations – excluding its Affinia South America operations – of Affinia Group the manufacturer of the Wix and Filtron brand of filters.
The transaction is subject to customary regulatory approvals and the two businesses will continue to operate separately for the foreseeable future. Terms of the deal have not been disclosed.
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Affinia’s filtration business specialises in aftermarket oil, fuel, air, hydraulic, and coolant filters.
Mann + Hummel is a privately-held global filtration expert offering filtration solutions to original equipment and aftermarket customers in both the automotive and industrial sectors.
“This acquisition fits with our corporate strategy,” said Mann + Hummel president and CEO, Alfred Weber. “It will enable us to grow globally and provide ample opportunity for growth and development for all of our people.
“Mann + Hummel and Affinia’s filtration business will serve customers better through a seamless, comprehensive portfolio ranging from passenger to heavy duty and industrial to hydraulic filtration solutions thanks to a combined 150 years of filtration expertise”
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