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Mann+Hummel sells Una-Dyn to Piovan
Focusing on its core automotive business in the Americas, Mann+Hummel (www.mann-hummel.com) has sold its U.S. subsidiary Universal Dynamics Inc. (Woodbridge, VA; www.unadyn.com) to Italian auxiliary equipment manufacturer Piovan (Santa Maria di Sala; www.piovan.com). The sale occurred on Sept. 28; closing is expected to take place on Oct. 10.
Amie Chitwood
October 8, 2008
1 Min Read
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“Our objective is to become one of the top three suppliers of filters in North and South America,” said Dieter Seipler, CEO of the Mann+Hummel Group, in a press release. “We have thus specifically extended our automotive activities in this region since 1997.” M+H acquired Una-Dyn in 1995.
Una-Dyn, whose 120 employees supply material handling systems, had sales of about $27.1 million in 2007, and offers Piovan expansion into the U.S market.
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