Private equity firm Truelink has completed the sale of Koch Filter Corporation to Atmus Filtration Technologies for $US450 million in cash.
Koch Filter is a leading provider of air filtration solutions and a subsidiary of Air Distribution Technologies.
Founded in 1966, Koch Filter designs and manufactures air filtration products serving a broad set of commercial markets.
Additionally, Truelink announced an executive leadership transition at Air Distribution Technologies with the appointment of Azam Owaisi as CEO, effective immediately.
Most recently Owaisi served as CEO, North America at GEA Group and previously held senior roles at Dover Corporation, Pall Corporation and IDEX Corporation.
Following the divestiture of Koch Filter, Truelink and Air Distribution Technologies will focus on the core ADTi platform by driving efficiencies and growth, both organically and via M&A, across the three key business units: Air Control Solutions, Air Movement Solutions, and Air Distribution Solutions.