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Clarcor Purchases Filter Bag and Cartridge Maker

TDC Manufacturing reports sales of $17 million

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By: Karen McIntyre

Editor, Nonwovens Industry

Clarocor  Industrial Air division has acquired the operational and intangible assets of TDC Filter Manufacturing, a leading U.S. manufacturer and supplier of pleated filter bags, dust collection cartridges and gas turbine air filters, for a purchase price of about $11 million. TDC had sales of approximately $17 million oin 2015. Under the terms of the transaction, Clarcor Industrial Air will assume open purchase orders from TDC and move TDC’s operational assets into its facilities in Slater, MO. Clarcor  will not acquire any real property or assume any employee-related liabilities. The transaction is not anticipated to be materially accretive or dilutive to Clarcor’s 2016 earnings.

Christopher L. Conway, Clarcor’s chairman, president and CEO comments, “The TDC product line is widely recognized and respected in the industrial air filtration space, particularly with OEM customers, and will be a strong complement to our existing BHA business. This, in combination with the operational synergies we expect to achieve as we increase volumes through our Slater facility, makes the acquisition an attractive one for Clarocor Industrial Air and for Clarcor.”

Keith White, the President of CLARCOR Industrial Air, agreed, stating, “We are excited about this acquisition, as it expands distribution channels in our target markets, aligns with our BHA aftermarket filter business, and builds on both our manufacturing strength and great technology.”

Clarco, based in Franklin, TN, and is a diversified marketer and manufacturer of mobile, industrial and environmental filtration products. It is publicly traded on the New York Stock Exchange.

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