The Bosch Group and Mann+Hummel will acquire ArvinMeritor’s Purolator filter business on 1 April and will continue to operate the business as a 50-50 joint venture.
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In separate statements, the companies said tThe acquisition covers all Purolator oil, air, fuel and cabin filter business, employing around 1,000 people.
Purolator has a factory in Fayetteville, North Carolina and a distribution centre in Salt Lake City, Utah and is focused on the North American market. In 2005, it posted sales of $US267m.
Total volume for automotive filters world-wide currently amounts to EUR4.5bn euros, with global growth annually of around 2% expected up to 2015.
“Expanding our filter business is an integral part of our growth strategy in the automotive aftermarket division,” said Bosch board member Peter Tyroller. “In acquiring the Purolator filter business, we are significantly improving our market position in the NAFTA region.”
“With Purolator, we are closing our strategic gap, as far as filtration facilities in North America are concerned. We have been extending our activities specifically in this region since 1997,” added Mann+Hummel CEO Dieter Seipler. “Purolator perfectly complements our business in North America in the OE sector and in the independent aftermarket.”
