BREAKING NEWS

GVS acquires Kuss Filtration

July 20, 2017 / -GVS SpA, a leading microfiltration company, today announced that it has entered into an agreement to buy Kuss Filtration Inc. ("Kuss") from Industrial Opportunity Partners ("IOP "), A private equity company focused on operations.  

Combining their respective technical experiences, global sales and distribution networks, GVS and Kuss will work together to maximize penetration in the automotive and microfiltration markets. "GVS has great expectations for this new investment," said Massimo Scagliarini , CEO of GVS. "Kuss Filtration brings us extensive experience in the fuel filtration market." His experienced team of managers, product portfolio and sales position will The GVS Automotive Division is a clear leader in the automotive microfiltration market. "

"We are very excited to be part of the GVS Group," said Hasnain Merchant , Kuss's CEO, "and we will be able to deliver our products and solutions to our customers."

Once the acquisition materializes, GVS will operate from 26 centers in 22 countries around the globe. The company will have more than 2,300 employees and will serve the Health Care, Automotive, Biological Sciences, Personal Protection, HVAC and appliances industries, outdoor electrical equipment and powersport markets and commercial for road or all ground.  
GVS was advised by Ice Miller, while IOP and Kuss were advised by Robert W. Baird & Co. and Winston & Strawn LLP.


About GVS: 
Founded in 1979, GVS is a global technology leader in the development and manufacture of filtration products that primarily serve the medical, automotive, security, life sciences, appliance and industrial markets. GVS has eleven manufacturing plants: in Italy, the United Kingdom, Brazil, China , Romania, the United States, with sales support offices in 22 countries.

About Kuss Filtration: 

Founded in 1949, Kuss produces a wide variety of fuel, oil, lubrication and urea filters, engine air inlet, cabin air and emission filters for a global customer base that caters to the markets for light vehicles, electrical equipment Exteriors, and recreational vehicles (powersport), as well as commercial for road or off-road. Headquartered in Findlay, Ohio , Kuss has four production plants in the United States, Brazil and China , and sales offices in France and Switzerland.

About IOP: 
IOP, based in Evanston, Ill. , Is a private equity firm with $ 910 million of committed capital since its inception. IOP focuses on acquiring and managing medium-value manufacturing and value-added distribution companies. Using its approach focused on operations and its specific Board of Operating Directors, IOP has experience in stabilizing, developing and improving the value of acquired companies.

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