Sale of its filtration business to CLARCOR

Industrial
Sale of its filtration business to CLARCOR

Summary

Baird served as the exclusive financial advisor to Stanadyne Corporation

About

Stanadyne Corporation, a portfolio company of Kohlberg & Company, LLC, recently completed the sale of its filtration business to CLARCOR Inc. (“CLARCOR”) (NYSE: CLC) for approximately $325 million.

Stanadyne Corporation’s filtration business is a leading supplier of original equipment and replacement fuel filtration products, including the Fuel Manager® line of diesel fuel filters and water separators, primarily for off-road, agricultural and construction applications. Stanadyne Corporation’s filtration business has been supplying fuel filter solutions to leading original equipment manufacturers for more than 50 years and is a carve-out from a consolidated Stanadyne business that also manufactures fuel injectors and pumps. Standyne Corporation’s filtration business is headquartered in Windsor, Connecticut, with manufacturing operations in Washington, North Carolina.

Kohlberg & Company, LLC is a leading private equity firm. Since its inception in 1987, Kohlberg has completed more than 60 platform investments and over 125 add-on acquisitions, with aggregate transaction value in excess of $9 billion. Kohlberg & Company, LLC is headquartered in Mount Kisco, New York.

CLARCOR is a diversified marketer and manufacturer of mobile, industrial and environmental filtration products and consumer and industrial packaging products sold in domestic and international markets. CLARCOR is based in Franklin, Tennessee.

For additional information about this transaction, please contact:

Steve Guy (414) 765-7247
Adam Czaia (414) 298-7358
Mike Lindemann (414) 298-7408
Jon Fitzsimmons (414) 298-2460
Jeff Seaman (312) 609-4687
David Silver +44 (0) 20 7667 8216
Industrial
Sale of its filtration business to CLARCOR
Date
May 2014
Company
Stanadyne Corporation
Transaction
M&A
Sectors
Industrial
Target Location
North America
Acquiror Location
North America

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