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Slide #9. CLARCOR — Filtration Business of Stanadyne Corporation
Filtration Business of Stanadyne Corporation
CLARCOR Inc. (NYSE:CLC) announced that it has entered into an agreement to acquire the filtration business of Stanadyne Corporation, a portfolio company of Kohlberg & Co., LLC, for approximately $325 million, subject to contractually agreed adjustments. The transaction is expected to close within the next two weeks.
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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Hold (1.67 out of 4)
(ranked higher than approx. 100% of all stocks covered)
Based on Zacks ABR data;
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