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Investing.com -- Madison Industries is exploring a potential sale of Filtration Group that could value the company at more than $10 billion, including debt.
The Oak Brook, Illinois-based industrial company is working with financial advisers to attract offers for Filtration Group, according to Bloomberg, citing people familiar with the matter.
The sale process is expected to generate interest from both private equity firms and industry competitors. However, no final decision has been made, and Madison Industries could ultimately choose to retain ownership of the business.
Filtration Group is one of the world’s largest dedicated filtration companies, generating approximately $2 billion in annual revenue. The company maintains a global presence with 165 locations across 27 countries, according to Madison Industries’ website.
The people familiar with the matter emphasized that discussions remain ongoing and the outcome is not yet determined.
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