Business Context and Reporting Period
Company: Donaldson Company, Inc.
Filing Type: Form 8-K (Current Report)
Date of Report: October 15, 2008
Event: Acquisition of Western Filter Corporation.
Key Financial Metrics
This filing reports a corporate acquisition rather than periodic financial results. Specific metrics for Donaldson Company, Inc. (revenue, profit, cash flow, debt, or liquidity) are not provided in this document.
- Target Company Expected Sales (2008): Approximately $28 million.
- Acquisition Scope: 100% of shares of Western Filter Corporation.
Material Changes
The primary material change is the expansion of Donaldson's product portfolio and market presence through the acquisition of Western Filter Corporation, a Valencia, California-based manufacturer of filters for hydraulic oil, fuel, lube oil, and coolant systems.
Outlook and Management Commentary
Management announced the acquisition to integrate Western Filter's capabilities in commercial and military aircraft, helicopters, military ground vehicles, and naval shipboard systems. No specific financial guidance, risk factors, or contingencies regarding the transaction were detailed in this filing text.
Investor Verification Checklist
- Verify the purchase price and payment terms for the Western Filter Corporation acquisition.
- Confirm the expected timeline for the integration of Western Filter's operations.
- Review subsequent filings for the impact of this acquisition on Donaldson's consolidated revenue and earnings.
- Assess any regulatory approvals required for the acquisition of a company serving military and naval sectors.