DONALDSON Co INC acquired Industrias Partmo S.A. for $12.1 million total consideration, a transaction completed in August 2016, structured as all cash.
Industrias Partmo S.A. operates in Engine Products / Mobile Solutions, is based in Colombia. Partmo is a leading manufacturer of replacement air, lube and fuel filters in Colombia for medium and heavy duty engines. Donaldson acquired the net assets of the business.
Extends Donaldson's replacement-filter manufacturing and aftermarket position in the Colombian / Latin American market.
Engine Products / Mobile Solutions segment
On August 31, 2016, the Company acquired the net assets of Industrias Partmo S.A. (Partmo) in Colombia. Partmo is a leading manufacturer of replacement air, lube and fuel filters in Colombia for medium and heavy duty engines. The total consideration for the transaction was $12.1 million.Donaldson FY2018 10-K, Note 2 Acquisitions
Advisory firms were not disclosed for this transaction.