(photo courtesy of Cummins) COLUMBUS, Ind. – Columbus-based Cummins Inc. (NYSE: CMI) has filed a registration statement with the U.S. Securities and Exchange Commission for a proposed initial public offering for its filtration business, Atmus Filtration Technologies. The manufacturer announced last April it planned to spin off the business into a standalone, publicly-held company. Based in Nashville, Tenn., Atmus intends to have its common stock listed on the New York Stock Exchange under the symbol ATMU. However, the number of shares to be offered and the price range for the offering have not yet been determined, Cummins said Tuesday. Atmus was originally founded in 1958 as the Seymour Filtration Co., based in Seymour, Ind., with a single filter production line to support Cummins diesel engines. The company changed its name to Fleetguard in 1963, then to Cummins Filtration in 2006, though its filtration products retained the Fleetguard brand name. Last November, Cummins announced the standalone company would be known as Atmus Filtration Technologies, deriving the name from “atmosphere,” which “reflects its purpose of creating a better future by protecting what is important.” Atmus manufactures a variety of filtration products designed to lower emissions and provide asset protection for vehicle […]
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