Mann+Hummel to acquire Affinia Group

18 August 2015

The Mann+Hummel Group has entered into a definitive agreement under which Mann+Hummel will acquire the global filtration operations (excluding its Affinia South America (ASA) operations) of Affinia Group, the manufacturer of the Wix and Filtron brand of filters. Financial terms have not been disclosed. The transaction is subject to regulatory approvals.

The two businesses will continue to operate separately for the foreseeable future, said Mann+Hummel.

The Affinia Group is headquartered in Gastonia, NC, USA. Affinia’s filtration business specializes in aftermarket oil, fuel, air, hydraulic, and coolant filters. Mann+Hummel, based in Ludwigsburg, Germany, is a privately-held global filtration supplier offering their products to original equipment and aftermarket customers in both the automotive and industrial sectors.

The acquisition will enable access to larger global markets with improved growth possibilities—said Mann+Hummel—and will allow the company to better serve its customer base with a broader product portfolio. Affinia’s filtration business allows Mann+Hummel to enter the heavy-duty segment in the United States, with a full range of filtration products and distribution focused on this segment, as well as providing growth opportunities in the hydraulic filter aftermarket.

Employing 16,000 people at more than 60 locations worldwide, Mann+Hummel achieved turnover of about 2.8 billion euros in 2014. The acquisition adds approximately $1 billion (USD) to Mann+Hummel’s top line, and the companies jointly employ about 20,000 people worldwide.

Source: Mann+Hummel