Nelson Global Products scraps deal to acquire Donaldson’s E&E business
Nelson Global Products, a Wind Point Partners company, said that it has scrapped its previously announced acquisition of Minnesota-based filtration company Donaldson Company’s Exhaust and Emissions (E&E) business.
Steve Scgalski – CEO of Nelson Global Products said: “We have mutually agreed to terminate our offer to purchase Donaldson’s E&E business. Nelson remains committed to serving our global customers. Since 2010 Nelson has successfully completed eight acquisitions and continues to pursue opportunities that expand our product lines, technology, and geographic footprint.”
The deal was announced in February 2020 by Nelson Global Products in an effort to consolidate its position in the global on-highway, off-highway and industrial markets as a comprehensive emission systems supplier.
Based in Wisconsin, Nelson Global Products caters to the on-highway, off-highway, industrial, and powersports markets across North America, Brazil, China, India, and Australia. On the other hand, Donaldson’s Exhaust and Emissions business serves the off-highway, on-highway, and industrial markets in the US and Europe.
Donaldson’s Exhaust and Emissions business includes manufacturing facilities in the US and France, along with laboratory facilities in Bloomington, Minnesota, and Leuven in Belgium.
Tod Carpenter – chairman, president and CEO said: “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.
“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.”