Affinia Group is sold to German company
Affinia Group Inc. has agreed to be purchased by Mann+Hummel Group, a Ludwigsburg, Germany-based developer and producer of filtration solutions to original equipment and aftermarket customers in the automotive and industrial sectors.
The Affinia Group manufactures Wix brand automotive filters.The agreement includes Affinia Group’s global filtration operations but excludes its South America operations.
“We believe that this partnership with Mann+Hummel will accelerate our growth potential, provide access to new technologies and capabilities, and enhance our financial strength and global scale to excel in the global marketplace,” says Keith Wilson, president and chief executive officer of Affinia Group.
“We couldn’t be more thrilled about the potential this brings to our global brands, and most importantly, our dedicated people that have helped build our legacy of leadership and innovation.”
The acquisition is subject to regulatory approval and other customary closing conditions.
Affinia Group is based in Gastonia, N.C. For more information, visit www.affiniagroup.com.