NASHVILLE, Tenn.–(BUSINESS WIRE)–Cummins Inc. (NYSE:CMI) today announced that it has reached an agreement to sell Universal Silencer Inc. (USI) to the Stirling Group, led by current USI general manager Randy Eppli. The newly formed Stirling Group includes other key members of Universal Silencer’s management team.
Universal Silencer, currently part of the Cummins Filtration business, provides unique solutions in industrial noise control. The business is headquartered in Stoughton, Wisc., and employs 230 people.
“The transition of ownership to the Stirling Group ensures a sale to people who have a vested interest in USI; they are in the best position to grow the business,” said Pamela Carter, President, Cummins Filtration.
“We believe this is a very good day for the future of the Universal Silencer business, customers and employees,” said Eppli. “USI has a strong foundation in acoustics, filtration and emission control solutions for our customers, and our new investors are very supportive of investing in this foundation for the long-term growth of the business.”
USI provides custom-engineered solutions to noise and emissions issues for industrial applications of large diesel and turbine engines, compressors, blowers and other air movement equipment. With a growing global footprint, USI will meet its multinational customers’ needs around the world.
“USI has a great team of employees, trained with a customer focus and ready to support our globally based customers,” Eppli said.
The transition process has begun and the sale expected to be completed during the fourth quarter of 2007. Terms of the deal were not disclosed.
Cummins Inc., a global power leader, is a corporation of complementary business units that design, manufacture, distribute and service engines and related technologies, including fuel systems, controls, air handling, filtration, emission solutions and electrical power generation systems. Headquartered in Columbus, Indiana (USA), Cummins serves customers in more than 160 countries through its network of 550 Company-owned and independent distributor facilities and more than 5,000 dealer locations. Cummins reported net income of $715 million on sales of $11.4 billion in 2006. Press releases can be found on the Web at www.cummins.com.
About Cummins Filtration
Cummins Filtration Inc. is a wholly owned business unit of Cummins Inc. and the world’s leading designer and manufacturer of air, fuel, hydraulic and lube filtration, chemicals and exhaust system technology products for all engine-powered equipment. The company’s homepage can be found at cumminsfiltration.com.
About Universal Silencer
Universal Silencer Inc., headquartered in Stoughton, Wisconsin (USA), is a premiere global engineer and manufacturer of industrial noise control solutions with over 48 years of market experience. USI offers standard and custom-engineered products that exceed customer expectations in the industrial process, power generation, marine, oil and gas and emission control markets. Additional information can be found at: www.universal-silencer.com.