14 Jul Filtration Group Acquires Purafil and Kaydon Custom Filtration

AB SKF (“SKF”) has sold Purafil, Inc. (“Purafil”) and Kaydon Custom Filtration Corporation (“Kaydon Custom Filtration”) to Filtration Group Corporation (“Filtration Group”), an affiliate of Madison Industries (“Madison”).  The total consideration for Purafil and Kaydon Custom Filtration is a fixed payment of $90 million and an earn-out of up to $5 million, based on achievement of certain 2015 financial targets.

Purafil develops and maintains gas phase air filtration systems and solutions that protect people, processes and the environment. Purafil’s solutions remove corrosive, toxic and irritant gasses in end markets ranging from industrial to wastewater to consumer. Purafil is headquartered in Atlanta, Georgia.

Kaydon Custom Filtration is a supplier of specialized diesel fuel and oil filtration systems and filter elements for industrial applications. Kaydon Custom Filtration’s systems extend the service life of lubricating fluids, protect expensive equipment from the damaging effects of water and abrasive contaminants and reduce premature equipment failure and downtime in critical performance applications. Kaydon Custom Filtration is headquartered in LaGrange, Georgia.

SKF is a leading global supplier of bearings, seals, mechatronics, lubrication systems, and services which include technical support, maintenance and reliability services, engineering consulting and training. SKF is represented in more than 130 countries and has approximately 15,000 distributor locations worldwide.

Filtration Group is working to make the world safer, healthier and more productive by creating unparalleled filtration products in its pursuit to better serve its customers. With a passionate workforce, global footprint and world-class engineering and manufacturing capabilities, Filtration Group is driving innovation and developing solutions for life science, industrial process, fluid and environmental air applications. One of the fastest growing companies in the industry, Filtration Group serves its customers from a global footprint of 80 facilities in over 20 countries. Filtration Group is headquartered in Chicago, Illinois.

Madison is one of the largest and most successful privately held companies in North America. Madison is led by CEOs, CFOs and entrepreneurs investing their own money to build market-leading businesses that deliver outstanding customer value. Founded in 1994, Madison builds businesses by investing in the best people, technologies and strategies to grow unique market leaders. Madison truly builds and holds its companies for the long term. Madison is based in Chicago, Illinois.