Donaldson Company has reached a mutual agreement with Nelson Global Products to terminate Nelson’s previously disclosed purchase offer for Donaldson’s Exhaust and Emissions (E&E) business.
“While we are disappointed the acquisition of our E&E business by Nelson will not be completed, we remain focused on our employees, customers and suppliers,” says Tod Carpenter, chairman, president and CEO, Donaldson. “Our E&E business is defined by an incredibly talented team, robust engineering capabilities and strong customer relationships.
“We remain committed to delivering quality emissions products in parallel with ongoing optimization efforts to ensure our business portfolio creates long-term value for our stakeholders.”
Donaldson initially announced Nelson’s purchase offer for its Exhaust and Emissions business on Feb. 24, 2020.