Donaldson Completes Acquisition Of Colombian Filter Business
By pdamon31 August 2016
Donaldson Co. announced it has completed the previously announced acquisition of certain business assets from Industrias Partmo, S.A., in Bucaramanga, Colombia, through its new wholly owned subsidiary, Filtros Partmo, S.A.S.
Partmo has a 54-year history of manufacturing and distributing air, lube and fuel filters for medium- and heavy-duty engines. Donaldson originally announced its plan to acquire the company in July of 2015. Donaldson said it expects the acquisition will contribute annual revenue of approximately $14 million to its Engine Products segment.
“We are excited to complete the Partmo acquisition, and we welcome Partmo’s customers and employees,” said Guillermo Briseño, Donaldson’s vice president for Latin America. “Partmo is a leading brand of replacement filters in Colombia and other countries in Latin America. Their product lines and distribution partners will complement Donaldson’s existing business in the region.”
“The acquisition of Partmo represents another milestone as we continue to make investments throughout Latin America,” said Tod Carpenter, president and chief executive officer. “In recent years we have opened distribution centers in Chile, Peru and Colombia, and expanded our manufacturing operations in Mexico and Brazil. The Partmo operation expands our sales, engineering and manufacturing capabilities in Colombia. Partmo is also our first production plant for engine liquid filters in South America.”