© MAHLE Electronics Production | August 15, 2016
Mahle sells Industrial Filtration to Filtration Group
The Mahle Group sells its industrial filtration activities to the filtration specialist Filtration Group Corporation, headquartered in Chicago/USA.
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. “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.