Cummins Inc. to Sell Kuss Filtration Business.Business Editors COLUMBUS, Ind.--(BUSINESS WIRE)--April 18, 2002 Today Cummins Inc. (NYSE NYSE See: New York Stock Exchange :CUM) said that it will seek a strategic buyer for its Kuss Filtration filtration: see sewerage; water supply. Filtration The separation of solid particles from a fluidsolids suspension of which they are a part by passage of most of the fluid through a septum or membrane that retains most of the solids business. Kuss Filtration, a wholly-owned subsidiary of Cummins Fleetguard, is located in Findlay, Ohio Findlay is a city in the U.S. state of Ohio and the county seat of Hancock CountyGR6. The municipality is located in northwestern Ohio approximately 50 miles (80 km) south of Toledo. The population was 38,967 at the 2000 census. . Kuss, although an excellent business, was determined to be outside the core strategic interests of Cummins and Fleetguard. Kuss Filtration has been a leader in the development of filtration solutions for automotive, medical and consumer goods consumer goods Any tangible commodity purchased by households to satisfy their wants and needs. Consumer goods may be durable or nondurable. Durable goods (e.g., autos, furniture, and appliances) have a significant life span, often defined as three years or more, and industries since 1949. Kuss is headquartered in Findlay, Ohio with a small operation in Quimper, France. It employs approximately 350 people with sales of $32 million. 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 Columbus (IPA: [kəˈlʌm.bəs]) is the county seat of Bartholomew County, Indiana. The population was 39,059 at the 2000 census. The current mayor is Fred Armstrong. (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. |
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