“To further strengthen our commitment towards our vision of Leadership in Filtration and our mission of separating the useful from the harmful, Mann+Hummel has decided to exit the segment,” said Kurk Wilks, president and CEO of the Mann+Hummel Group. “With an absolute focus on filtration and separation solutions in the areas of Transportation and Life Sciences & Environment, we are confident that with this change, we can speed up and further solidify our transformation strategy.
“Our outstanding teams supporting the high-performance plastic parts have established a strong foundation - the business is well positioned in the global market. We are convinced that they will strongly benefit from Mutares’ track record of driving operational performance and adding long-term product capabilities.”
The acquisition of the Mann+Hummel business is Mutares’ sixth purchase of 2022 and is expected to strengthen the company’s Automotive & Mobility segment. The company, headquartered in Munich, Germany, also owns LMS, a supplier of plastic exterior components for automotive applications.