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Donaldson sells German air dryer unit, retains marketing rights

The transaction won't have a material effect, Donaldson says.

August 14, 2013 at 12:55AM

Donaldson Co. said Tuesday that it has sold Ultratroc Gmbh, a German manufacturer of industrial compressed air dryers, for an undisclosed amount.

Donaldson, a Minneapolis-based maker of industrial filters, said the sale to German firm IJW Anlagenbau Gmbh will close Sept. 23. The manager of the 38-employee Ultratroc plant in Flensburg, Germany, is also the co-owner of the acquiring company.

Under terms of the sale, Donaldson will continue to sell the Ultratroc product under its own Ultrafilter brand name.

The transaction won't have a material effect on Donaldson finances, the company said.

Steve Alexander • 612-673-4553

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Steve Alexander

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