exclusive: cummins to explore sale of its filtration business - sources - where to buy air purifiers

(Reuters)-Cummins Inc (CMI. N), a U. S.
Large truck engine manufacturers are preparing to explore the sales of a business that makes filters and coolants that could be valued at more than $1.
5 billion, according to people familiar with the matter.
Weak weight by moving-
Truck production in North America and poor global demand for power generation equipment hit the company's profits.
However, the filtering business is still financially resilient.
Earlier Thursday, ParkerHannifin Corp (PH. N)
The company manufactures motion and control systems for the industrial and aerospace markets and says it will acquire Clarcor Inc. , a manufacturer of air filtration systems. N for about $4.
3 billion, including debt.
Sources said this week that Cummins is working with an investment bank to auction its filtering business for the next two months, demanding anonymity because the matter is confidential.
A spokesman for Cummins declined to comment.
Cummins's filtration business offers more than 8,300 products including air, fuel, lubricating oil and hydraulic filters, as well as fuel water separators, coolant and fuel additives.
After the German industrial filter manufacturer man Hummel completed his acquisition of the United States, the potential sales followed. S.
Peer Affinia increased its annual sales by $1 billion in last May, more than third, and received U. S.
Market for heavy vehicles
Working and hydraulic filters.
Truck makers have seen a decline in sales this year as weak economic growth and high retail inventories have made many trucking companies afraid to order new cars.
Cummins is headquartered in Columbus, Indiana, producing diesel and natural gas engines.
Related parts products in truck and industrial market. It earned $1.
Sales last year were $4 billion. 1 billion.
Cummins reiterated its pessimism last month.
The company said quarterly sales in its engine division fell 12% from a year earlier.