-

Donaldson Company Announces the Termination of the Purchase Offer for its Exhaust and Emissions Business

MINNEAPOLIS--(BUSINESS WIRE)--Donaldson Company, Inc. (NYSE: DCI), a leading worldwide provider of innovative filtration products and solutions, today announced that it has reached a mutual agreement with Nelson Global Products, Inc. (“Nelson”) to terminate Nelson’s previously disclosed purchase offer for Donaldson’s Exhaust and Emissions (“E&E”) business.

“While we are disappointed the acquisition of our E&E business by Nelson will not be completed, we remain focused on our employees, customers and suppliers,” said Tod Carpenter, chairman, president and chief executive officer. “Our E&E business is defined by an incredibly talented team, robust engineering capabilities and strong customer relationships. We remain committed to delivering quality emissions products in parallel with ongoing optimization efforts to ensure our business portfolio creates long-term value for our stakeholders.”

Donaldson announced Nelson’s purchase offer for its Exhaust and Emissions business on February 24, 2020. For more information, please see the associated press release on Donaldson’s Investor Relations website at IR.Donaldson.com.

About Donaldson Company

Founded in 1915, Donaldson Company is a global leader in the filtration industry with sales, manufacturing and distribution locations around the world. Donaldson’s innovative technologies are designed to solve complex filtration challenges and enhance customers’ equipment performance. For more information, visit www.Donaldson.com.

Contacts

Brad Pogalz (952) 887-3753

Industry:

Donaldson Company, Inc.

NYSE:DCI
Release Summary
Donaldson Company reached a mutual agreement with Nelson Global Products to terminate Nelson's offer to purchase its Exhaust and Emissions business.
Release Versions
English
$Cashtags
$DCI

Contacts

Brad Pogalz (952) 887-3753

More News From Donaldson Company, Inc.

Donaldson to Webcast Second Quarter Fiscal 2026 Earnings Conference Call

MINNEAPOLIS--(BUSINESS WIRE)--Donaldson Company, Inc. (NYSE: DCI), a leading worldwide provider of innovative filtration products and solutions, will webcast its second quarter 2026 earnings conference call on Thursday, February 26, 2026, at 9:00 a.m. CT. WEBCAST: To listen to a live webcast of the call, visit the “Events & Presentations” section of Donaldson’s Investor Relations website at IR.Donaldson.com and click on the “listen to webcast” option.   REPLAY: The webcast replay will be av...

Donaldson to Acquire Facet, an Innovator in Mission-Critical Fuel and Fluid Filtration Solutions

MINNEAPOLIS--(BUSINESS WIRE)--Donaldson Company, Inc. (NYSE: DCI) (Donaldson or the Company), a global leader in technology-led filtration products and solutions, today announced it has entered into a definitive agreement to acquire Filtration Group’s Facet Filtration business in an all-cash transaction valued at approximately $820 million. The purchase price represents approximately 20.0x calendar year 2025 EBITDA, or 16.6x when adjusted for the present value of expected tax benefits and cost...

Donaldson Elects Chief Operating Officer Richard Lewis to Succeed Tod Carpenter as President and CEO as Part of Planned Succession

MINNEAPOLIS--(BUSINESS WIRE)--Donaldson Company, Inc. (NYSE: DCI) (Donaldson or the Company), a global leader in technology-led filtration products and solutions, announced that the Company’s board of directors has elected chief operating officer Richard Lewis as president and chief executive officer, effective March 2, 2026. Lewis will succeed Tod Carpenter, who will transition to executive chairman after a career spanning 30 years at the Company, including the past 11 years as president and c...
Back to Newsroom