Nelson-Donaldson exhaust and emissions business deal falls apart
9 June 2020
Donaldson Company announced that it has reached a mutual agreement with Nelson Global Products 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 committed to delivering quality emissions products in parallel with ongoing optimization efforts to ensure our business portfolio creates long-term value for our stakeholders” said Tod Carpenter, Donaldson chairman, president and chief executive officer.
Donaldson announced Nelson’s purchase offer for its Exhaust and Emissions business on February 24, 2020. Donaldson’s E&E business includes manufacturing facilities in Auburn, Alabama, Domjean, France, and Conde-sur-Noireau, France, and laboratory facilities in Bloomington, Minnesota and Leuven, Belgium.
Source: Donaldson