Cummins Inc. has reached agreement to sell its exhaust business to Global Tube, a portfolio company of private equity firm Wind Point Partners.
Included in the sale are Cummins’ acoustic exhaust operations in Stoughton, Arcadia, Black River Falls and Viroqua, all in Wisconsin, as well as Scoresby, Australia, and Daman, India.
Terms were not disclosed.
The exhaust business is part of Cummins’ Emissions Solutions (CES), which remains. CES will continue to manufacture products that meet global emissions standards.
“It is more important than ever for CES to focus on our core business of providing aftertreatment systems and solutions for commercial vehicles,” said Srikanth Padmanabhan, vp & gm, Cummins Emission Solutions. “Selling the exhaust business to a strong buyer like Global Tube will enable us to focus on developing the technologies that will allow CES to continue growing in this vital market.”
The sale is expected to be completed by the end of March.
