Atmus Filtration Technologies Completes Acquisition of Koch Filter Corporation
The completion of the Koch Filter acquisition establishes Atmus’ industrial air filtration platform and expands its portfolio into high-growth end-markets, including commercial and industrial HVAC, data centers and power generation markets.
“We are excited to welcome the Koch Filter team to Atmus. Together, we are committed to unlocking our growth potential and executing our strategy of expanding into industrial filtration markets,” said
The acquisition establishes the Company’s new Industrial Solutions segment. The Koch Filter business will report into that segment and be led by
Simultaneously with the closing of the transaction, Atmus entered an amended and restated five-year
As previously disclosed, the acquisition of Koch Filter is expected to be accretive to Atmus’ Adjusted EPS and Adjusted EBITDA margin in 2026 and achieve high-single-digit ROIC by 2028. The transaction was funded through a combination of cash on hand and borrowings under the Company’s amended and restated credit facility.
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Use of Non-GAAP Information
We refer to certain non-GAAP financial measures in this press release, including Atmus’ Adjusted EPS and Adjusted EBITDA margin. These non-GAAP financial measures should not be considered alternatives to, or more meaningful indicators of, Atmus’ financial measures as prepared in accordance with GAAP. Atmus’ methods of determining these non-GAAP financial measures may differ from the methods used by other companies and may not be comparable. Material limitations associated with the use of such measures include that they do not reflect all period costs included in operating expenses.
Forward-Looking Statements
This press release includes express or implied forward-looking statements. Forward-looking statements include all statements that are not historical facts including those that reflect Atmus’ current views with respect to, among other things, the expected financial performance of Koch Filter. The words “anticipate,” “assume,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “future,” “will,” “seek,” “foreseeable,” the negative version of these words or similar terms and phrases may identify forward-looking statements in this press release, but the absence of these words does not mean that a statement is not forward-looking.
Actual results may differ materially from Atmus’ expectations due to changes in global, regional, or local economic, business, competitive, market, regulatory, and other factors, many of which are beyond Atmus’ control. All statements other than statements of historical fact are forward-looking statements, including, without limitation, statements regarding the outlook for Atmus’ future business and financial performance, discussions of future operations, and Atmus’ strategy for growth and market position. These statements are not guarantees of future performance and involve certain risks, uncertainties and assumptions, which are difficult to predict. If the underlying assumptions prove inaccurate, or known or unknown risks or uncertainties materialize, Atmus’ actual outcomes, results and financial condition may differ materially from what is expressed, implied or forecasted in such forward-looking statements. Risks and uncertainties include, but are not limited to, those reflected in Part I, Item 1A, “Risk Factors,” and elsewhere in Atmus’ Annual Report on Form 10-K for Atmus’ fiscal year ended
These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included in this press release. Any forward-looking statement made by us in this press release speaks only as of the date of this press release and is expressly qualified in its entirety by the cautionary statements included in this press release. We may not actually achieve the plans, intentions or expectations disclosed in Atmus’ forward-looking statements and you should not place undue reliance on Atmus’ forward-looking statements. We undertake no obligation to publicly update or review any forward-looking statement, whether because of new information, future developments or otherwise, except as may be required by any applicable law.
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