as nyse dci industry filtration engines membranes gas turbines valves hydraulics founded 1915 headquarters bloomington minneapolis key people tod e. carpenter chief executive officer president and director scott robinson chief financial officer jim shaw chief finance compliance officer revenue 2371.213 mil 2015 fy 1 operating income 288.3 mil 19.0 % 2014 fy 2 net income 208.1 20.0 % 2014 fy 2 total assets 1.8095 bil nov 2015 7 % number of employees 12 500 march 23 2016 divisions engine industrial website donaldson company donaldson company inc. is a vertically integrated filtration company engaged in the production and marketing of products used as a means to improve performance efficiency and air quality . its products are used by a variety of industry sectors including commercial industrial engines exhausts transmissions vents in private vehicles hydraulics aerospace helicopters planes chemical alternative energy windmills and pharmaceuticals . as a multinational company it operates in belgium mexico china uk thailand usa russia 3 japan italy germany and france . in fiscal year 2015 33.0 % of operating income came from business in the asia pacific region was 33.8 % in 2014 33.3 % from europe 33.7 % in 2014 and 15.7 % from the us 20.3 % in 2014 . 2 4 5 the company also makes aftermarket parts . there was significant growth in the size of the company in terms of market value in 2009 going from about 2 billion at the start of the year to 3.26 billion in may 2010 . 6 7 although sales were steady between 2007 and 2010 long term debt rose 98.6 % over that period ; long term debt increased 44 % in 2008 and remained near that level until january 2011 when it fell 17 % quarter to quarter then fell a further 3 % by january 2012 . 5 no single customer contributes more than 10 % of revenue . the company has been recognized for innovations made in air filter technology since 2008 annual spending on research and development has exceeded 40.6 million . 8 it has also participated in technological advancements associated with fuel cells . 9 contents 1 history 2 divisions and subsidiaries 3 awards 4 references history edit started as donaldson engineering a small business built around frank donaldson s air intake filter invention engine air cleaner . 10 the business was incorporated in 1915 by donaldson his parents and his siblings as donaldson company inc. 11 in the first decade donaldson company made two important moves it acquired the wilcox bennet air filter license and introduced a new kind of filter the simplex used to prevent engine damage . deere & company was the company s most important client during the first couple decades . the early 1930s brought additional prosperity when william lowther joined the company and designed the ns filter a tractor performance enhancing filter invented by frank donaldson . the 1930s were a transitional period at the beginning of the decade it was forced to contract in size due to tough economic conditions in the united states causing business from farmers to fall however the sale of patents to influential investors provided the funds and market exposure it needed to survive and grow part of the agreement was that donaldson company produce the filters . world war ii provided opportunities for the company to expand into aerospace and military hydraulic equipment and device filters . the 1950s were bittersweet the company gained market share grew in size and went public 1955 but was faced with employee strikes the exodus of key employees who started a new company to compete with donaldson for market share and irs charges of hidden back taxes . 10 in the 1960s subsidiaries were established in germany south africa britain france australia and benelux . key dates and events 1915 frank donaldson and his father w.h.l. donaldson found donaldson engineering company to market an air filter that the son has designed 1918 the business is incorporated as donaldson company inc 12 1938 first production facility abroad canada 1942 frank donaldson died his son frank jr. eventually replaced him as president in 1951 1960 international expansion 1973 acquired torit corp. and majac inc. both involved in air dust filtration 1975 new hydraulic fluid filtration system created 1984 forced to enter new markets through acquisitions and restructure due to recessionary effects on major customers like john deere tractor company 1996 acquired french muffler manufacturer tecnov 1997 launched donaldson korea company . 1999 began producing in china computer disk drive and purchased airmaze corp for 31.9 million 2000 acquired england based company dce dust control for 56.4 million 2002 acquired industrial parts maker ultrafilter international ag for 68 million . ultrafilter had sales of 100 million and operated in 30 countries . 13 14 2007 purchased outright aerospace filtration systems a company that had 18 million in sales the year before . made a distribution agreement with kaman industrial technologies 15 16 2015 opening of new state of the art facilities in skarabimierz poland and bogota and cartagena colombia 17 divisions and subsidiaries edit subsidiaries are grouped based on the products they deal in engine industrial aerospace or pharmaceutical applications . the 2 core business segments are engine products and industrial products . products in the engine products segment consist of air filtration systems exhaust and emissions systems liquid filtration systems including hydraulics fuel and lube systems and replacement filters . the engine products segment sells to original equipment manufacturers oems in the construction mining agriculture aerospace defense and truck markets and to independent distributors oem dealer networks private label accounts and large equipment fleets . 18 products in the industrial products segment consist of dust fume and mist collectors compressed air purification systems air filtration systems for gas turbines ptfe membrane based products and specialized air and gas filtration systems for applications including computer hard disk drives and semi conductor manufacturing . the industrial products segment sells to various industrial dealers distributors oems of gas fired turbines and oems and end users requiring clean filtration solutions and replacement filters . 18 the company delivered revenue of 2.4 billion in fiscal year 2015 compared to 2.5 billion in fiscal year 2014 through its diversified portfolio of engine and industrial filtration products with roughly 60 % of total sales being generated outside the u.s. donaldson operates a network of approximately 140 sales manufacturing and distribution locations in 44 countries across the world . 18 in fiscal year 2015 the engine products segment contributed to 63 % of total net sales and industrial products segment contributed 37 % . aftermarket products in the engine segment made up 41 % of total net sales . 18 awards edit 2014 master of quality award from daimler trucks north america dtna 2016 awarded a supplier award for aftermarket excellence by volvo group purchasing for the second consecutive year 19 references edit donaldson company annual report 2015 . november 10 2015 . a b c donaldson company annual report 2013 . september 27 2013 . donaldson in russia . 2013 06 19 . donaldson company inc 2011 sec 10 k report pdf . 2012 . a b donaldson company 2010 fiscal year sec 10 k form . 2010 09 24 . donaldson net rises ; phillips van heusen net loss . 2010 05 25 . donaldson looks like the streak is over . 2009 02 26 . donaldson recognized by frost & sullivan for product innovation in automotive air filters aftermarket . 2006 02 14 . donaldson company and los alamos national laboratory join forces . 2003 04 22 . a b about donaldson donaldson company history donaldson company inc. company profile information business description history background information on donaldson company inc. . www.referenceforbusiness.com . retrieved 2016 03 23 . donaldson company . securities and exchange commission . 2001 07 31 . donaldson company announces agreement to acquire ultrafilter international ag . business wire . 2002 06 13 . kaman industrial technologies . 2007 10 01 . donaldson company acquires aerospace filtration systems inc. . 2007 03 01 . donaldson opens new facilities in colombia and poland to support growth business wire . www.businesswire.com . retrieved 2016 03 23 . a b c d dci annual report 10 k filling . quote.morningstar.com . retrieved 2016 03 23 . volvo group purchasing recognizes donaldson co. with aftermarket excellence award . aftermarketnews . retrieved 2016 03 23 . v t e minnesota based corporations fortune 500 corporations by size unitedhealth group target best buy supervalu chs 3m u.s. bancorp medtronic general mills xcel energy ameriprise financial c. h. robinson worldwide mosaic hormel thrivent financial for lutherans ecolab st. jude medical nash finch other public companies pentair valspar patterson companies securian financial group regis polaris industries toro deluxe donaldson fastenal federated mutual insurance company mts systems corporation major non public corporations alphabetically andersen cargill carlson holiday stationstores land o lakes schwan food company securian financial group related topics list of companies based in minneapolis saint paul retrieved from https en.wikipedia.org w index.php title donaldson company & oldid 732482143 categories companies listed on the new york stock exchangecompanies based in minnesotamotor vehicle engine manufacturersdiesel engine manufacturerscompanies established in 1915 navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version languages deutschfran ais edit links this page was last modified on 1 august 2016 at 08 19 . text is available under the creative commons attribution sharealike license ; additional terms may apply . by using this site you agree to the terms of use and privacy policy . wikipedia is a registered trademark of the wikimedia foundation inc. a non profit organization . privacy policy about wikipedia disclaimers contact wikipedia developers cookie statement mobile view