MAHLE Sells its Industrial Filtration Activities to Filtration Group
MAHLE has sold its industrial filtration activities to the filtration specialist Filtration Group Corporation, headquartered in Chicago, US. Both parties have agreed not to disclose the purchase price for the transaction, which is subject to approval by the antitrust authorities.
Overall, the MAHLE industrial filtration business segment employs about 900 people worldwide, of which around 410 work in Öhringen (Baden-Württemberg/Germany). “In Filtration Group, we are pleased to have found a buyer that, thanks to its expertise and size, is in a position to give the industrial filtration business a boost,” explained Wolf-Henning Scheider, Chairman of the MAHLE Management Board and CEO.
Filtration Group (www.filtrationgroup.com), an affiliate of Madison Industries, serves a highly diverse set of customers with offerings that span life science, process technologies, as well as fluid and environmental air applications. Filtration Group supplies its customers from 80 facilities in 20 countries. “MAHLE’s industrial filtration business will greatly expand Filtration Group’s product portfolio and customer base,” according to Steve Felice, Filtration Group CEO. He added: “we are extremely pleased with the know-how and expertise of the workforce that has built a truly remarkable business.”
The other 370 employees at the Öhringen location in Baden-Württemberg/Germany, who work for MAHLE’s automotive Filtration and Engine Peripherals business unit, are unaffected by the transaction.
Jones Day served as legal advisers to the MAHLE, with a team led by Ansgar Rempp (M & A, Dusseldorf), Adriane Sturm and Martin Schulz (both M & A, Munich). The Jones Day team also comprised Christian Fulda (IP, Munich), Klaus Herkenroth (Tax, Frankfurt), Lutz Hülsdunk (Real Estate, Frankfurt), Nick Wittek (Finance, Frankfurt), Johannes Zöttl (Antitrust, Dusseldorf), Markus Weber (M & A, Dusseldorf), Maximilian Krause (M & A, Munich) and Markus Ledwina (M & A, Munich) as well as lawyers from Amsterdam, Cleveland, London, Milan, New York, Paris, Beijing and Tokyo.
Hengeler Mueller acted as legal advisers to the Filtration Group, with Wolf Theiss, Slaughter & May, Fangda, Bredin Prat, and Mori Hamada as counsel for Poland, the UK, China, France, and Japan respectively.