Industrial Machinery & Equipment M&A » By The Online Investor Staff, updated Fri., Jun. 9, 7:11 AM
Recent mergers and acquisitions in the Industrial Machinery & Equipment M&A category.
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Slide #49. CLARCOR — Air Filtration Business from GE Power & Water
Acquirer:
CLARCOR (CLC)
Acquiree:
Air Filtration Business from GE Power & Water
Details:
CLARCOR Inc. (NYSE:CLC) today announced that it has completed its previously announced acquisition of the Air Filtration business of General Electric Company's Power & Water division, a leading supplier of air filtration systems and filters used in gas turbine applications, as well as industrial air filtration products and membranes. The acquired business will maintain and promote the well-known BHA and Altair names and operate as CLARCOR Industrial Air. The acquisition is expected to be accretive to CLARCOR's 2014 earnings, and the business' results will be included as part of CLARCOR's Industrial/Environmental Filtration segment.
Clarcor conducts business in two principal industry segments: Engine/Mobile Filtration and Industrial/Environmental Filtration. Co.'s Engine/Mobile Filtration segment manufactures and sells filtration products for on-road and off-road mobile and stationary applications, including trucks, agricultural machinery, construction and mining equipment, power generation, marine, automobiles, transit buses, locomotives and other industrial and specialty applications. Co.'s Industrial/Environmental Filtration segment manufactures and sells filtration products used in industrial and commercial processes, and in buildings and infrastructures of various types.
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