Tag Archive | "Mann+Hummel"

1,200 JOBS AXED AT MANN+HUMMEL IN GLOBAL RESTRUCTURE

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1,200 JOBS AXED AT MANN+HUMMEL IN GLOBAL RESTRUCTURE


Filtration manufacturer Mann+Hummel has announced today (April 11) that the company is planning a worldwide reduction of ‘about 1,200’ jobs with ‘up to’ 300 jobs lost from German locations.

However, the company has said that direct production will not be affected by the downsizing, which was mooted in a global cost restructuring programme announced in Februrary.

“We will continue to invest heavily in our business segments transportation and Life Science & Environment and see the planned staff reductions as part of a global initiative to short the company and to position long-term competitiveness” explained Werner Dear Lord, President and CEO.

Consultations with staff and unions have begun and the company anticipates a ‘timely completion’ of the restructuring programme.

Mann+Hummel US HQ

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MANN+HUMMEL COMPLETES AFFINIA FILTRATION ACQUISITION

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MANN+HUMMEL COMPLETES AFFINIA FILTRATION ACQUISITION


MANN+HUMMEL has completed the acquisition of the filtration business of Affinia, best known in the UK for the Wix and Filtron brands. Terms of the deal were not disclosed.

The group will be lead as a new business unit based in North Carolina. Keith Wilson, previously CEO and President of Affinia will retain the titles as President and CEO of Mann+Hummel Filtration Technology and report to Manfred Wolf, the supervisory board chairman of the acquired company.

Affinia Group was created in 2004 through the acquisition of the aftermarket businesses of Dana Corporation by private equity firm The Cypress Group. In 2010 the firm sold QH to Klarius and the U.S brake friction business was sold in 2012 to the management team. The chassis components business was sold to Federal-Mogul in 2014, at which time Affinia elected to move it’s HQ from Michigan to North Carolina where Wix Filtration were already based.

Alfred Weber, President and CEO of Mann+Hummel welcomed the new brands. “[The additions] strengthen our global presence with an expanded product portfolio and access to new markets” he said.

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MANN+HUMMEL TO ACQUIRE AFFINA FILTERS BUSINESS

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MANN+HUMMEL TO ACQUIRE AFFINA FILTERS BUSINESS


Ludwigsburg-based filter manufacturer Mann+Hummel has signed a deal to acquire the filtration business of Affina International for an undisclosed sum.

Affina is best known in Europe for its Wix and Filtron brands. Allthough terms of the deal have not been made public, a statement from Mann+Hummel noted that the acquisition will add around US $1bn to its top line as well as enabling the German firm to gain a strong hold on the commercial filters market.

Commenting on the deal, Alfred Weber, President and Chief Executive Officer of Mann+Hummel, said: “This acquisition fits perfectly with our corporate strategy. It will enable us to grow globally and provide ample opportunity for growth and development for all of our people. Mann+Hummel’s and Affinia’s filtration business will serve customers better through a seamless, comprehensive portfolio ranging from passenger to heavy duty and industrial to hydraulic filtration solutions thanks to a combined 150 years of filtration expertise.”

The acquisition includes all of Affina’s markets apart from South Africa. Completion of the deal is subject to regulatory approval.

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