Atmus Filtration Technologies (NYSE:ATMU), a global leader in filtration and media solutions, today announced the closing of its acquisition of Koch Filter Corporation from Air Distribution Technologies, a portfolio company of Truelink Capital.
The all-cash transaction was completed for approximately $450 million, subject to customary purchase price adjustments.
The acquisition establishes Atmus’ new industrial air filtration platform and significantly expands its presence in high-growth end-markets, including commercial and industrial HVAC, data centers, and power generation.
The transaction creates a new Industrial Solutions segment at Atmus.
The Koch Filter business will operate within this segment under the leadership of Rakesh Gangwani, Senior Vice President, Strategy and President, Industrial Solutions.
Mark Mattingly, who has served as Koch Filter’s president for over three decades, will continue to lead the Koch Filter business and report to Gangwani.
Concurrent with the closing, Atmus entered into an amended and restated five-year $1.5 billion credit facility, comprising a $500 million revolving credit facility and a $1 billion term loan.