UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Current Report Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): June 30, 2015
DONALDSON COMPANY, INC.
(Exact name of registrant as specified in its charter)
|
Delaware |
1-7891 |
41-0222640 |
|
(State or other jurisdiction |
(Commission file number) |
(I.R.S. Employer |
1400 West 94th Street
Minneapolis, MN 55431
(Address of principal executive offices) (Zip Code)
(952) 887-3131
Registrant’s telephone number, including area code
Not Applicable
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
|
o |
|
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
|
o |
|
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
|
o |
|
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
|
o |
|
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Item 7.01. Regulation FD Disclosure
On June 30, 2015, Donaldson Company, Inc. (the “Company”) announced that the Company has acquired a majority stake in IFIL.USA, LLC, a manufacturer of pleated bag filters for industrial dust collection.
A copy of the press release that discusses these matters if filed as Exhibit 99.1 to, and incorporated by reference in, this report.
Item 9.01. Financial Statements and Exhibits
(d) Exhibits
99.1 Press Release dated June 30, 2015 announcing the Company’s acquisition of a majority stake in IFIL.USA, LLC.
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.
Date: June 30, 2015
|
DONALDSON COMPANY, INC. | |||
|
By: |
/s/ Amy C. Becker | ||
|
|
|
Name: |
Amy C. Becker |
|
|
|
Title: |
Vice President, General Counsel |
|
Exhibit No. |
Description |
| ||
|
|
99.1 |
|
Press Release dated June 30, 2015 announcing the Company’s acquisition of a majority stake in IFIL.USA, LLC. | |
Exhibit 99.1
| FOR IMMEDIATE RELEASE Tuesday, June 30, 2015 |
For more information,
contact: Brad Pogalz (952) 887-3753 |
DONALDSON ACQUIRES IFIL USA DUST COLLECTION BUSINESS
MINNEAPOLIS, MN (June 30, 2015) – Donaldson Company, Inc. (NYSE: DCI), a leader in the global industrial air filtration market through its Donaldson® Torit® business, announced today that it has acquired a majority stake in IFIL.USA, LLC, a manufacturer of pleated bag filters for industrial dust collection. The agreement with IFIL USA is expected to contribute approximately $6 million to $8 million of revenue to Donaldson’s fiscal 2016 results.
“IFIL USA is a great addition to Donaldson’s industrial air filtration business,” said Tod Carpenter, Donaldson’s President and CEO. “IFIL USA’s industry-leading technology gives Customers significant advantages compared to traditional filter bags, including longer filter life, faster filter changes and reduced air emissions. We look forward to continuing IFIL USA’s strong growth as a part of the Donaldson Team.”
Founded in 2009 and based in Harrisonville, Missouri, IFIL USA’s innovative products are sold to a wide range of industries, including primary metals, grain, food, mining, minerals and pharmaceuticals. IFIL USA’s operations, and its approximately 40 employees, will continue to function as an independent company, supplying Customers and distributors with its high quality pleated bag filters.
Miscellaneous
Donaldson has completed the transaction with IFIL.USA, LLC, and will report revenue from the acquisition in its Industrial Products Segment. For more information about Donaldson, please visit the Company’s Investor Relations site at IR.Donaldson.com.
The Company desires to take advantage of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995 (the “Act”) and is making this cautionary statement in connection with such safe harbor legislation. This announcement contains forward-looking statements, including, without limitation, forecasts, plans, trends, and projections relating to our business and financial performance and global economic conditions, which involve uncertainties that could materially impact results. All statements other than statements of historical fact are forward-looking statements. These statements do not guarantee future performance.
Donaldson Company, Inc.
June 30, 2015
Page 2
The Company wishes to caution investors that any forward-looking statements are subject to uncertainties and other risk factors that could cause actual results to differ materially from such statements, including but not limited to risks associated with: world economic factors and the ongoing economic uncertainty, the reduced demand for hard disk drive products with the increased use of flash memory, currency fluctuations, commodity prices, political factors, the Company’s international operations, highly competitive markets, governmental laws and regulations, including the impact of the various economic stimulus and financial reform measures, the implementation of our new information technology systems, information security and data breaches, potential global events resulting in market instability including financial bailouts and defaults of sovereign nations, military and terrorist activities, including political unrest in the Middle East and Ukraine, health outbreaks, natural disasters, and all of the other risk factors included in our Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. We undertake no obligation to publicly update or revise any forward-looking statements.
About Donaldson Company
Founded 100 years ago, Donaldson (NYSE: DCI) is a global leader in the filtration industry. The Company's innovative filtration technologies improve people's lives, enhance Customers' equipment performance and protect the environment. More than 12,500 employees support Customers at 140 sales, manufacturing, and distribution locations. For more information, visit www.donaldson.com.
###