MINNEAPOLIS - Donaldson Company (NYSE:DCI), a worldwide manufacturer of filtration solutions and products, announced today that the Company is making organizational changes and capital investments to accelerate growth in its liquid filtration product lines. This strategic initiative is focused on gaining global market share in the lube, fuel, and hydraulic markets. Effective immediately, the Company's Industrial Hydraulic and Bulk Fuel businesses have now been combined with its Engine counterparts.
"Combining our hydraulic filtration businesses under one umbrella provides collective technical expertise and a substantial sales network across the globe," said Jay Ward, Donaldson's Senior Vice President, Engine Products. "This reorganization - linked with global investments in production, labs and people - is a key step toward our objective of leading the world in diesel engine and hydraulic fluid filtration."
"In addition to these investments, Donaldson has committed considerable corporate technology resources to the development of media, modeling, and testing," said Ward. "This cohesive team is energized by the technical challenges and increased market demands for liquid filtration solutions. We are well-positioned with our Customers around the globe to bring cost-effective solutions to these challenges."
Donaldson manufactures a full line of engine lube and fuel products, as well as, low, medium, and high pressure hydraulic filtration products and accessories for Original Equipment Manufacturing (OEM) and Aftermarket Customers under the Duramax®, Triboguard™, Twist&Drain™, T.R.A.P™, and Donaldson® brands. These brands support a host of applications including on- and off-road engine, mobile, and stationary filtration.
For more information about Donaldson's liquid filtration technologies, visit www.donaldson.com or call (952) 887-3131.
About Donaldson Company
Donaldson is a leading worldwide provider of filtration systems that improve people's lives, enhance our Customers' equipment performance, and protect our environment. We are a technology-driven Company committed to satisfying our Customers' needs for filtration solutions through innovative research and development, application expertise, and global presence. Our employees contribute to the Company's success by supporting our Customers at our more than 100 sales, manufacturing, and distribution locations around the world.
Donaldson is a member of the S&P MidCap 400 and Russell 1000 indices, and our shares trade on the NYSE under the symbol DCI. Additional information is available at www.donaldson.com.