MINNEAPOLIS (May 1, 2017) – Donaldson Company, Inc. (NYSE:DCI), a global leader in the filtration industry, today announced that it has acquired Hy-Pro Corporation. Hy-Pro designs and manufactures filtration systems and replacement filters for stationary hydraulic and industrial lubrication filtration applications.
“We are excited to support Hy-Pro’s dedicated team and valued customers,” said Tom Scalf, Donaldson’s senior vice president of Engine Products. “Hy-Pro’s application expertise and filtration products improve the reliability and cost-effectiveness of their customers’ systems, often by extending the life of critical equipment and expensive fluids. Hy-Pro will continue to grow its well-known brand of stationary hydraulic and lubrication systems by leveraging Donaldson’s filtration technology, global support and strength in mobile hydraulics.”
“Hy-Pro is an excellent addition to Donaldson’s global portfolio of filtration businesses,” said Tod Carpenter, president and chief executive officer of Donaldson. “Like Donaldson, Hy-Pro has demonstrated a commitment to product innovation and a high level of customer support to solve their customers’ filtration problems. We welcome Hy-Pro’s employees and customers, and we look forward to continuing to grow the Hy-Pro business with them.”
Hy-Pro, which was founded in 1986, is based in Anderson, Indiana, and has 110 employees. Hy-Pro generates annual revenue of approximately $25 million through sales of filtration systems and replacement parts for a wide range of industries, including manufacturing, metals processing and power generation.
Donaldson completed the acquisition of Hy-Pro on May 1, 2017. For more information about Donaldson, please visit the Investor Relations site at IR.Donaldson.com.
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