AUSTIN, Texas, Aug. 8, 2016 /PRNewswire/ -- Filtration Group Corporation is pleased to announce that it has agreed to acquire the industrial filtration business of MAHLE GmbH. The pending acquisition will add filtration capabilities across a range of applications and global markets. "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 to be welcoming such an engaged and talented team that has built a truly remarkable business."
The acquisition will add to Filtration Group's expertise, innovation, and customer base across three primary segments: internal combustion engine, air filtration, and fluid filtration. The industrial filtration business expands Filtration Group's presence in Europe and Asia by adding over 900 employees with world-class production facilities in Germany, the Netherlands, France, Romania, the US, Japan, and China.
"In Filtration Group, we are pleased to have found a company that can give our industrial filtration business a great boost," explained Wolf-Henning Schneider, Chairman of the MAHLE Management Board and CEO.
Filtration Group, an affiliate of Madison Industries, is making the world safer, healthier, and more productive by creating innovative solutions that deliver outstanding customer value. With a passionate team, global footprint, and leading technology, Filtration Group is driving innovation and developing unparalleled filtration solutions. Filtration Group serves a highly diverse set of customers with offerings that span life science, process technologies, fluid, and environmental air applications. One of the fastest growing companies in the industry, Filtration Group serves its customers from 80 facilities in over 20 countries. Please visit Filtration Group and Madison Industries at: www.filtrationgroup.com and www.madison.net.
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SOURCE Filtration Group