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.