Donaldson Company

Source: Wikipedia, the free encyclopedia.
Donaldson Company, Inc.
Number of employees
11,700 (July 31, 2016)
DivisionsEngine
Industrial
WebsiteDonaldson Company

Donaldson Company, Inc. is a

Minneapolis, Minn., participated in defense-related projects for various military applications (see below
).

As a multinational company it operates in

aftermarket parts
.

There was significant growth in the size of the company in terms of market value in 2009, going from about $2 billion at the start of the year to $3.26 billion in May 2010.[5][6] Although sales were steady between 2007 and 2010 long term debt rose 98.6% over that period; Long term debt increased 44% in 2008 and remained near that level until January 2011 when it fell 17% quarter to quarter (then fell a further 3% by January 2012). No single customer contributes more than 10% of revenue.

The company has been recognized for innovations made in air filter technology (since 2008 annual spending on research and development has exceeded $40.6 million).

fuel cells.[8]

History

Started as Donaldson Engineering, a small business built around Frank Donaldson's air intake filter invention (engine air cleaner).[9] Frank Donaldson invented the air intake filter while repairing a tractor in Utah. The business was incorporated in 1915 by Donaldson, his parents and his siblings as Donaldson Company Inc.[10]

In its first decade, Donaldson Company made two important moves; it acquired the Wilcox-Bennet air filter license and introduced the Simplex, a filter that also prevents engine damage.

IRS charges of hidden back taxes.[9]

In the 1960s subsidiaries were established in Germany, South Africa, Britain, France, Australia and Benelux.

Key dates and events

  • 1915 - Frank Donaldson and his father, W.H.L. Donaldson, found Donaldson Engineering Company to market an air filter that the son has designed
  • 1918 - The business is incorporated as Donaldson Company, Inc[11]
  • 1938 - First production facility abroad (Canada)
  • 1942 - Frank Donaldson died, with his eldest son Frank jr. age 22.[12]
  • 1951 - Frank Donaldson Jr. became president of Donaldson Company
  • 1960 - International expansion
  • 1973 - Acquired Torit Corp. and Majac Inc. (both involved in air dust filtration)
  • 1975 - New hydraulic fluid filtration system created
  • 1984 - Forced to enter new markets (through acquisitions) and restructure due to recessionary effects on major customers like
    John Deere Tractor Company
  • 1996 - Acquired French muffler maker Tecnov
  • 1997 - Launched Donaldson Korea Company
  • 1999 - Began producing in China (computer disk drive) and purchased AirMaze Corp for $31.9 million
  • 2000 - Acquired England-based company DCE dust control for $56.4 million
  • 2002 - Acquired industrial parts maker Ultrafilter International AG for $68 million. Ultrafilter had sales of $100 million and operated in 30 countries.[13][14]
  • 2007 - Purchased outright Aerospace Filtration Systems a company that had 18 million in sales the year before. Made a distribution agreement with Kaman Industrial Technologies.[15][16]
  • 2004 - Opened a new facility in Czech Republic, Klasterec nad Ohri
  • 2015 - Opened new, state-of-the-art facilities in Skarbimierz, Poland and Bogota and Cartagena Colombia[17]

Divisions and Subsidiaries

Subsidiaries are grouped based on the products they deal in (engine, industrial, aerospace or pharmaceutical applications), with the two core business segments being Engine Products and Industrial Products.

Products in the Engine Products segment consist of air filtration systems, exhaust and emissions systems, liquid filtration systems including hydraulics, fuel, and lube systems, and replacement filters. The Engine Products segment sells to original equipment manufacturers (OEMs) in the construction, mining, agriculture, aerospace, defense, and truck markets, and to independent distributors, OEM dealer networks, private label accounts, and large equipment fleets.[18]

Products in the Industrial Products segment consist of dust, fume, and mist collectors, compressed air purification systems, air filtration systems for gas turbines, PTFE membrane-based products, and specialized air and gas filtration systems for applications including computer hard disk drives and semiconductor manufacturing. The Industrial Products segment sells to various industrial dealers, distributors, OEMs of gas-fired turbines, and OEMs and end-users requiring clean filtration solutions and replacement filters.[18]

The company delivered revenue of $2.4 billion in fiscal year 2015 (compared to $2.5 billion in fiscal year 2014) through its diversified portfolio of engine and industrial filtration products, with roughly 60% of total sales being generated outside of the US. Donaldson operates a network of approximately 140 sales, manufacturing and distribution locations in 44 countries across the world.[18]

Donaldson silencers were used for reducing venting noise levels in the Deaerator equipment industry in the 1980s and 1990s. The Engine Products segment contributed to 63% of total net sales and Industrial Products segment contributed 37%. Aftermarket Products in the Engine segment made up 41% of total net sales. These percentages were the same in both 2016 and 2015.[18]

In November 2021, Donaldson Company acquired Italy-based Solaris Biotechnology Slr for more than $46 million. [19]

Defense-related studies

Donaldson-developed air filtration subsystem of AGT-1500 engine turbine
AGT-1500
engine turbine

Since the early

military headquarters and military communications functions, for rest and relief, and for certain vehicle crews; manual and automatic detection and warning devices that respond to toxic agents on all surfaces, in the atmosphere, and in food and water; means to decontaminate skin, clothing, equipment, terrain, food, and water.[25]

Awards

2014 - Master of Quality Award from Daimler Trucks North America (DTNA)

2015, 2016 - Award for Aftermarket Excellence by Volvo Group Purchasing in consecutive years[26]

References

  1. ^ a b c d "Donaldson Company Annual Report 2016" (PDF). September 23, 2016.
  2. ^ "Donaldson Company Annual Report 2015". November 10, 2015.
  3. ^ "DONALDSON CO INC, Form 10-K, Annual Report, Filing Date Sep 27, 2013" (PDF). secdatabase.com. Retrieved May 15, 2018.
  4. ^ "Donaldson in Russia". 2013-06-19.
  5. ^ "Donaldson Net Rises; Phillips-Van Heusen Net Loss". 2010-05-25. Archived from the original on 2011-07-07. Retrieved 2010-09-21.
  6. ^ "Donaldson:Looks Like the Streak Is Over". 2009-02-26.
  7. ^ "Donaldson Recognized by Frost & Sullivan for Product Innovation in Automotive Air Filters Aftermarket". 2006-02-14.
  8. ^ "Donaldson Company and Los Alamos National Laboratory Join Forces". 2003-04-22. Archived from the original on 2016-03-04. Retrieved 2010-09-20.
  9. ^ a b "about Donaldson". Archived from the original on 2011-07-10. Retrieved 2010-09-20.
  10. ^ Donaldson Company History
  11. ^ "Donaldson Company, Inc. - Company Profile, Information, Business Description, History, Background Information on Donaldson Company, Inc". www.referenceforbusiness.com. Retrieved 2016-03-23.
  12. ^ "26 Mar 1991, Page 16 - Star Tribune at Newspapers.com". Newspapers.com. Retrieved 2022-08-09.
  13. ^ "DONALDSON CO INC, Form 10-K405, Filing Date Oct 26, 2001". secdatabase.com. Retrieved May 15, 2018.
  14. ^ "Donaldson Company Announces Agreement to Acquire Ultrafilter international AG". business wire. 2002-06-13.
  15. ^ "Kaman Industrial Technologies". 2007-10-01. Archived from the original on 2010-12-06. Retrieved 2010-09-20.
  16. ^ "Donaldson Company Acquires Aerospace Filtration Systems, Inc". 2007-03-01.
  17. ^ "Donaldson Opens New Facilities in Colombia and Poland to Support Growth | Business Wire". www.businesswire.com. Retrieved 2016-03-23.
  18. ^ a b c d "DCI Annual Report 10-K Filling". quote.morningstar.com. Retrieved 2016-03-23.
  19. ^ "Bloomington-based Donaldson Buys Italian Biotech Firm for $46M". Retrieved 2021-11-30.
  20. ^ Army RDT&E Contracts Exceed $1 Billion, Army Research and Development Newsmagazine, September 1967, vol. 8, no. 8, p. 15.
  21. ^ Statement of Lt. Gen. William C. Gribble, Jr., United States Army, Chief of Research and Development, Department of Defense Appropriations for Fiscal Year 1972, pp. 1472-1473.
  22. ^ Contracts and procurements, Missiles and Rockets, October 14, 1963, vol. 13, no. 16, p. 42.
  23. ^ Statement of Maj. Gen. George Sammet, Jr., United States Army, Deputy Chief of Research and Development, Fiscal Year 1974 Authorization for Military Procurement, pt. 4, p. 2007.
  24. ISBN 0-16-050302-7
    .
  25. ^ Statement of Lt. Gen. William C. Gribble, Jr., United States Army, Chief of Research and Development, Department of Defense Appropriations for Fiscal Year 1972, pp. 1495-1496.
  26. ^ "Volvo Group Purchasing Recognizes Donaldson Co. With Aftermarket Excellence Award". aftermarketNews. Retrieved 2016-03-23.
Retrieved from "https://en.wikipedia.org/w/index.php?title=Donaldson_Company&oldid=1209841246"