DÜRR ECOCLEAN, INC., A SUBSIDIARY OF DÜRR AG, HAS SOLD ITS BOWLING GREEN, OHIO FILTRATION SYSTEMS AND PRODUCTS GROUP TO BARNES INTERNATIONAL, INC.
Birmingham, Michigan – January 10, 2014 – Angle Advisors is pleased to announce that Dürr Ecoclean, Inc. (“Dürr Ecoclean”), a subsidiary of Dürr AG (DB:DUE), has sold its Bowling Green, Ohio Filtration Systems and Products Group (“Filtration Division”) to Barnes International, Inc. (“Barnes International”). Angle Advisors acted as the exclusive investment banking advisor to Dürr Ecoclean in managing this transaction.
With more than 50 years of expertise in machine tool coolant filtration, the Filtration Division is a leading designer and manufacturer of industrial filtration technologies. Integral to the success of the Filtration Division are the Henry® Filters and HR Black brands of products. The Filtration Division operates from a 100,000 square foot facility in Bowling Green, Ohio employing a total of 80 workers. Capabilities of the Filtration Division include the design, engineering, manufacturing and service for systems ranging from local processing machines to complete central filtration systems capable of handling tens of thousands of fluid liters per minute. The Filtration Division utilizes multiple state-of-the-art filtration technologies to supply a broad range of industrial applications including milling, turning, drilling, mixed machining, grinding and honing for a diverse range of materials and coolants.
Andreas Reger, the president of Dürr Ecoclean stated, “The Filtration Division has a great reputation both within Dürr Ecoclean and our customers. However, we wanted to focus our attention and resources on the Ecoclean cleaning business. Here we are with our 1,000 employees worldwide in a leading position. Angle Advisors was able to find a perfect match for the Filtration Division with Barnes International.”
Barnes International, Inc. has been manufacturing an extensive line of quality coolant filtration products in Rockford, Illinois for over 105 years. Product offerings include world renowned Kleenall Filters for grinding and chip making machines, along with pressure and vacuum systems that offer both permanent and disposable media filtration. Barnes International supplies systems that range from 10 gallons per minute for individual machines to total plant central systems capable of handling up to 20,000 gallons per system.
“We couldn’t be happier in bringing these two leading companies together. Both Barnes and Henry® Filters share a rich history in producing outstanding quality equipment and delivering exceptional service to our customers. Together, our combined strengths will allow us to serve our customers well into the future,” states David Gollob, CEO of Barnes International.
Dürr Ecoclean supplies state-of-the art cleaning technology to the automotive industry and its suppliers as well as the diversified industrial market. Besides delivering single machines, Dürr Ecoclean also integrates its entire product line into complete systems. In collaboration with customers, systems are developed to positively impact customer key metrics, such as cost-per-unit, energy efficiency, carbon footprint, or the costs of retooling. From its roots in Germany, Dürr Ecoclean has grown into a company group acting worldwide. In order to offer optimal solutions to its clients around the world, Ecoclean operates subsidiaries in Germany, Switzerland, France, Czech Republic, North America, India and China. Being a member of the Dürr group of companies, Dürr Ecoclean has access to an extensive sales and service network with 48 locations in 23 countries. Dürr AG employs 8,100 employees and generated 2012 annual sales revenues of approximately €2.4 billion.
Angle Advisors, with offices in the United States, Germany, the United Kingdom, and China, specializes in mergers and acquisitions with a particular emphasis on the vehicular and industrial sectors. The firm’s 33 professionals have completed 100 M&A transactions since the beginning of 2009 for multinational corporations, privately-held companies, private equity funds and public sector clients. For additional information, please visit www.angleadvisors.com.