Germany’s Mann+Hummel has revealed a strategic investment in M-Filter, one of the filter manufacturing companies in Northern and Eastern Europe with numerous production facilities in Finland and Lithuania. The company has expertise in different areas of filtration, including air ventilation filters, HEPA filters and oil/hydraulic filters for engines.
While the brand Filterpak will complement Mann+Hummel’s existing portfolios in commercial and residential HVAC, M-Filter will stand for a strong input in the OEM products for industrial and engine filtration, the company said in a press release.
Kurk Wilks, CEO and president of the Mann+Hummel was quoted saying that, “Joining forces with M-Filter will allow us to strengthen our European footprint and unlock growth opportunities in Scandinavia and the Baltic states.”
Kai Liesmaa, CEO of M-Filter, further said, “The majority growth investment by Mann+Hummel will be used to further product development and will enable us to invest in sales and operational capabilities. The M-Filter Group has been able to grow the company organically and inorganically over the past years, and we’re looking forward to working closely with the Mann+Hummel teams to serve our customers in the region.”