Donaldson: Agreement to Sell Ultratroc
Donaldson Company, Inc., Minneapolis, USA, has entered into a definitive agreement to sell Ultratroc Gmbh, a manufacturer of compressed air dryers located in Flensburg, Germany, to IJW Anlagenbau Gmbh (IJW).
The sale of the Flensburg manufacturing facility will be effective 23 September. Jan Weiner, the Plant Manager of Ultratroc until 2010, is a co-owner of IJW and returns as Manager of the Flensburg facility and its 38 employees. He brings many years of experience in the dryer business and will help ensure a smooth transition for Ultratroc’s current Customers, suppliers, employees, and the local Flensburg community.
The Ultratroc business is currently part of Donaldson’s Industrial Products segment. Under the terms of the agreement, Donaldson will continue selling Ultratroc’s compressed air dryers and will retain the naming rights to the brand names “Donaldson Ultrafilter” and “Ultrafilter.” Additional terms of the sale were not disclosed. The sale will not have a material impact on Donaldson’s financial results.
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