Wikipedia

Purolator Filters

This article is about the American automotive filter manufacturer. For its former subsidiary, the Canadian courier company, seePurolator Inc.

MANN+HUMMEL Purolator Filters LLC,more commonly known asPurolator,is an American manufacturer of oil and air filters, based inFayetteville, North Carolina.Since 2013, it has been a subsidiary of German filter manufacturerMann+Hummel.Purolator manufactured and sold the first commercially available automotive oil filters starting in the 1920s. For several decades in the late 20th Century, Purolator operated a large North American courier business known as Purolator Couriers. Canadian courierPurolator Inc.and its subsidiaryPurolator Internationalare the successors of that business but have had no direct relationship with their former parent since 1987.

MANN+HUMMEL Purolator Filters LLC
Purolator
Formerly
  • Motor Improvements, Incorporated
  • Purolator Products Company
Company typeSubsidiary
Founded1923;102 years ago(1923)inNew York, New York,United States
Headquarters
Fayetteville, North Carolina
,
United States
Products
  • Oil filters
  • Air filters
  • Fuel filters
Parent
Websitepureoil

History

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Foundation and early history

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A modern Purolator oil filter

The company was founded in 1923 asMotor Improvements, IncorporatedinNew York City.[1]The company's Purolator (initially stylizedPurOlatorand sometimesPur-O-Lator) oil filtration device,[2]invented in 1922 byErnest John Sweetland[3]and George H. Greenhalgh,[1]was standard equipment on early 1920sChryslerautomobiles after being launched on theChrysler Six.[2]The namePurolatorwas a portmanteau ofpure oil later.[1][4]The Purolator was the first modern automotiveoil filter[3]and reduced the need to flush a car'scrankcaseto clean out oil contaminants, at the time a regular and costly maintenance item.[5]

In 1924, Purolator filters were made available for retail sale for both passenger cars and trucks[6]and Motor Improvements president James A. Abeles announced it had established a network of 2,600 sales, installation, and service stations across the US and Canada[6]and had engaged ad firmMacManus, Inc.for a nationwide advertising campaign.[7]

The company later changed its name to the name of its most well-known brand,Purolator Products, Inc..[1]

Diversification

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Various Purolator products

In the 1950s and 1960s, Purolator, headquartered in Rahway, New Jersey, diversified their operations by acquiring a variety of hardware and automotive parts manufacturers. These included Bridgeport Manufacturing Co. in 1959[8]and in 1961, Hadbar, Inc. and On Mark Couplings, Inc. both of Los Angeles, California.[9][10]Among its acquisitions in 1965 was Stant Inc., a Pine Bluff, Arkansas manufacturer of radiator and fuel caps which continued as an independent subsidiary of Purolator.[11]

US courier operations

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For the history of Purolator's American courier business, seePurolator International.

In 1967, Purolator expanded into the courier business by acquiringAmerican Courier Corp.(ACC) of Bayside, New York for overUS$5 million.ACC operated as an independent subsidiary of Purolator.[12][13]ACC had been founded asArmored Car Servicein 1948[14]and its primary business was transporting checks between banks.[15]Following the acquisition by Purolator, ACC made a number of acquisitions aimed at consolidating its business nationwide including the 1969 acquisitions of both Fort Worth, Texas-based Armored Motor Services, Inc.[16]and Tampa, Florida-based Security Transport Corp.[17]By 1971, ACC said it had 1,272 vehicles and had started aSky Courierdivision with 17 planes and 30 pilots.[18]ACC was renamedPurolator Courier Corp.in 1973.[19]

Canadian courier operations

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Purolator delivery vehicle in Canada. Purolator's Canadian courier business continued as Purolator Inc.
For the history of Purolator's Canadian courier business, seePurolator Inc.

Purolator Courier boughtTrans Canadian Couriersin 1972 to expand its Canadian reach.[20][21]In 1973, Trans Canadian was renamedPurolator Courier, Ltd.[22]

Reorganization

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In 1982, William Waltrip resigned as president and CEO ofPan Amafter less than a year to become president and CEO of Purolator.[23]Waltrip's major initiative was to refocus the company on its courier business.[24]To that end, in 1983 Purolator soldPurolator Armored,its armored car division formerlyPurolator Security,to Australian armored car service provider and owner ofLoomis Armored Car Service,Mayne NicklessforUS$33 million.[25]By the end of 1983, Purolator operated 270 terminals, 111 aircraft, and 5,328 ground vehicles and reported it had handled 76,841 packages in the year.[24]

In April 1984, parent company Purolator Inc. was merged with subsidiary Purolator Services and US courier subsidiary Purolator Courier Corp. to form a new company,Purolator Courier, Inc.It also consolidated the parent company headquarters, previously in Piscataway, New Jersey, and the Courier's headquarters, previously in Long Island, New York, to a single facility in Basking Ridge, New Jersey.[26]At the same time, Purolator began to move to compete with package delivery companiesUnited Parcel ServiceandFederal Expressby announcing it would introduce a two-day service it calledStandard Servicein 1985. While revenue rose in the third quarter of 1984, earnings declined due to the company's heavy investment in new equipment as it continued expansion of its courier business. At the time, Purolator's air and ground courier businesses accounted for 75% of the company'sUS$800 millionrevenue, far eclipsing the original automotive manufacturing business.[24]

Breakup

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By 1987, Purolator was experiencing significant financial challenges having reported losses ofUS$57.6 milliononUS$841.4 millionin revenue for the previous year. The company had spent significant capital building an air fleet in previous years, an endeavor that analysts partially blamed for its financial decline.[27]

Following the 1983 sale of Purolator Armored and Purolator's 1984 restructuring, the parent company was the US courier business, Purolator Courier, Inc. Its major subsidiaries were Purolator Products, the original auto filter business, Purolator Courier Ltd., the Canadian courier business, and radiator and fuel cap manufacturer Stant. Unable to maintain its operations, the company was broken up in a series of transactions all occurring in 1987.[27]

  • Purolator Productswas sold to filter manufacturer Facet Enterprises for aboutUS$167 million.[28]
  • Purolator Courier Ltd.was sold toOnex Capital Corp.forUS$170 million.[20]In 1993, Onex sold 75% of Purolator Courier toCanada PostforCA$24 million,[29]a holding later increased to over 90% in 1998.[30]In 2011 Purolator Courier Ltd. changed its name toPurolator Inc..[31][21]
  • Purolator Courier Inc.,the parent company, was acquired by Emery Air Freight. For Emery, the acquisition of Purolator was financially troublesome and led in part to Emery's 1989 acquisition byConsolidated FreightwaysforUS$230 million.Within 30 days of the acquisition, Emery and Purolator Courier had been merged with Consolidate's CF AirFreight to become a single entity,Emery Worldwide,with all former brands including Purolator retired.[32]
  • Stantwas sold with the parent company to Emery. However, Stant was bought out by a management-led group in a leveraged buyout later in 1987. It was independent until 1997 after which it has been owned first byTomkins plcthen, since 2008,H.I.G. Capital.[33]

Purolator Products

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Following its acquisition by Facet, Purolator Products's headquarters were moved from Edison, New Jersey to Tulsa, Oklahoma where Facet's existing filter subsidiary, Facet Automotive Filter Co., was based. Purolator's manufacturing facilities in Fayetteville, North Carolina and Mississauga, Ontario were not moved.[34]

In 1988, Facet and its subsidiaries including Purolator were acquired byPennzoilforUS$254 million[35]after having been the target of hostile bidder, Prospect Group.[36]The next year, Facet merged Purolator with Facet Automotive Filter under the namePurolator Products Inc.The resulting subsidiary was expected to be the world's largest automotive filter company and hold a 30% share of the US market.[28]

In February 1990, Pennzoil put Facet up for sale having been unable to realize expected synergies from the filter manufacturer.[37]However, by April, Purolator had been merged with Facet which was renamedPurolator Products Companyand Pennzoil reported it was no longer looking for a buyer.[38]Two years later, Pennzoil spun Purolator off as an independent, publicly traded company via anIPO.[35]

In 1994, Purolator was acquired by engineering companyMark IV Industriesof Amherst, New York for a reportedUS$273 million.[39]

In 1999, Mark IV sold the automotive filter business, Purolator Products, to Columbus, Indiana-based automotive component manufacturerArvin IndustriesforUS$276 million.At the time, Purolator reportedUS$345 millionin annual sales.[40]Later in the year, Mark IV sold its remaining Purolator and Facet units, industrial filter businesses Purolator Products Air Filtration Company, Facet International, and Purolator-Facet Filter Products, to industrial filter manufacturerClarcorforUS$144.8 million.[41]

In 2006, Arvin, then known as ArvinMeritor, sold Purolator Filters to a joint venture of European filter manufacturersMann+HummelandBosch.Mann+Hummel bought out Bosch's 50% share of their joint venture in Purolator Filters in 2013 taking full ownership of Purolator and renaming itMANN+HUMMEL Purolator Filters.[42][43]

Products

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As of August 2021,Purolator sells four categories of automotive filters:[44]

NASCAR sponsorship

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Purolator-sponsoredSchrader RacingChevrolet in 1997

Purolator's involvement withNASCARdates to 1955 when it offered aUS$7,000prize forNASCAR Grand Nationalrace circuit winners who raced using Purolator oil filters.[45]By 1970, it was sponsoringNASCAR Cup SeriesteamHolman-Moodywith driverDavid Pearson,winner of multiple Grand National Championships.[46]In 1972, Pearson joined Purolator-sponsoredWood Brothers Racingwith driversNeil BonnettandA. J. Foyt.[47]In 1974, Purolator sponsored the inaugural 500-mile NASCAR Grand National race atPocono International Raceway,thePurolator 500.[48]The company continued the sponsorship in 1975[49]and 1976.[50]Purolator Products sponsored and won the 1990 Daytona 500 with Derrike Cope as the driver.

See also

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References

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  1. ^abcdPurolator Filters."Purolator History".Purolator Filters.Archived fromthe originalon 2018-04-27.Retrieved2018-04-26.
  2. ^ab"Purolator Scores Big Success Here on Chrysler Six".The Shreveport Journal.Shreveport, Louisiana. 3 November 1924. p. 1.Archivedfrom the original on 25 August 2021.Retrieved24 August2021– via Newspapers.
  3. ^abFitch, Bennett."Anatomy of an Oil Filter".Machinery Lubrication.Archivedfrom the original on 27 April 2018.Retrieved24 August2021.
  4. ^"Purolator Auto Filters history".Purolatorautofilters.net.Retrieved2010-11-27.
  5. ^"Oil Dilution Remedy Found".Oakland Tribune.7 December 1924. p. 2-0.Archivedfrom the original on 25 August 2021.Retrieved24 August2021– via Newspapers.
  6. ^ab"Will Offer Purolators".The South Bend Tribune.South Bend, Indiana. 2 November 1924. p. 6.Archivedfrom the original on 25 August 2021.Retrieved24 August2021– via Newspapers.
  7. ^"MacManus Recipient Of Auto Account".Pittsburgh Daily Post.Pittsburgh, Pennsylvania. 19 October 1924. p. 5. s. 7.Archivedfrom the original on 25 August 2021.Retrieved24 August2021– via Newspapers.
  8. ^"Hardware Firm at Bridgeport Joins Purolator".Meridien Record.Bridgeport, Connecticut. Associated Press. 29 September 1959.Archivedfrom the original on 25 August 2021.Retrieved24 August2021– via Newspapers.
  9. ^"Purolator Acquires On Mark Couplings".The Los Angeles Times.15 November 1961. p. 13.Archivedfrom the original on 25 August 2021.Retrieved24 August2021– via Newspapers.
  10. ^"Purolator Acquires Hadbar, Inc. of L.A."The Los Angeles Times.New York, New York. Associated Press. 27 October 1961. p. 27.Archivedfrom the original on 25 August 2021.Retrieved24 August2021– via Newspapers.
  11. ^Hillinger, Charles (11 October 1985)."When It Comes to Gas and Radiator Caps, Stant's No. 1".Los Angeles Times.Archivedfrom the original on 25 August 2021.Retrieved24 August2021.
  12. ^"Mergers and Acquisitions".Detroit Free Press.Dow Jones News Service. 14 June 1967.Archivedfrom the original on 25 August 2021.Retrieved24 August2021– via Newspapers.
  13. ^Endo, Emi (14 December 2010)."Jericho-based Purolator USA delivers".Long Island Newsday.Archivedfrom the original on 23 December 2018.Retrieved24 August2021.
  14. ^Wood, Francis (18 September 1970)."Private Mail Service To Compete With U.S."Newsday.Suffolk, New York. p. 92.Archivedfrom the original on 25 August 2021.Retrieved24 August2021– via Newspapers.
  15. ^Wood, Francis (28 June 1968)."Speed, Diversity Keep American Courier on Go".Newsday.p. 23A.Archivedfrom the original on 25 August 2021.Retrieved24 August2021– via Newspapers.
  16. ^"Stock Acquisition".Abilene Reporter-News.Fort Worth, Texas. Associated Press. 3 June 1969.Archivedfrom the original on 25 August 2021.Retrieved24 August2021– via Newspapers.
  17. ^"Security Firm Changes Hands".Tampa Bay Times.St. Petersburg, Florida. 15 July 1969. p. 8-B.Archivedfrom the original on 25 August 2021.Retrieved24 August2021– via Newspapers.
  18. ^Murphy, J. Kevin (21 January 1971)."The 12-Hour Letter In 1971 - A National Economic Necessity".Contra Costa Times.p. 13.Retrieved24 August2021– via Newspapers.
  19. ^"American Courier Corporation renamed Purolator Courier Corp".The Raleigh Register.Richmond, Virginia. Public Service Commission of West Virginia Charleston. 13 March 1973. p. 11.Retrieved24 August2021– via Newspapers.
  20. ^ab"Purolator Courier sold".Calgary Herald.Toronto, Ontario. Canadian Press. 13 January 1987. p. A9.Retrieved24 August2021– via Newspapers.
  21. ^abPurolator Inc."Purolator - History".Purolator Inc.Archivedfrom the original on 2015-05-06.Retrieved2015-05-14.
  22. ^Purolator Services (13 January 1973)."Purolator's Trans Canadian Couriers, Ltd. is now Purolator Courier, Ltd"(Press release). Toronto, Ontario: National Post.Retrieved24 August2021– via Newspapers.
  23. ^Cuff, Daniel F. (1 July 1982)."BUSINESS PEOPLE; PAN AM PRESIDENT GOING TO PUROLATOR".The New York Times.p. D2.Archivedfrom the original on 24 May 2015.Retrieved25 August2021.
  24. ^abcLucas, Walter (30 October 1984)."Purolator's legacy finds new life".Daily Record.Morristown, New Jersey. p. 11.Archivedfrom the original on 25 August 2021.Retrieved24 August2021– via Newspapers.
  25. ^"Purolator signs letter to sell Armored unit".The Central New Jersey Home News.18 October 1983. p. C5.Archivedfrom the original on 25 August 2021.Retrieved24 August2021– via Newspapers.
  26. ^Greiff, James (24 April 1984)."Purolator wants name change".The Central New Jersey Home News.p. C4.Archivedfrom the original on 25 August 2021.Retrieved24 August2021– via Newspapers.
  27. ^abSims, Calvin (2 March 1987)."PUROLATOR AGREES TO BUYOUT".The New York Times.pp. D1, D10.Archivedfrom the original on 22 January 2018.Retrieved24 August2021.
  28. ^abMaurer, Mitch (30 August 1989)."Facet Combines Divisions".Tulsa World.Archivedfrom the original on 25 August 2021.Retrieved24 August2021.
  29. ^"Canadian post office to buy 75-percent stake in Purolator for $24 million".UPI.Toronto, Ontario. United Press International. 4 June 1993.Archivedfrom the original on 25 August 2021.Retrieved24 August2021.
  30. ^"Courier association warns of unfair competition".The Leader-Post.Canadian Press. 23 April 1999. p. B5.Archivedfrom the original on 25 August 2021.Retrieved24 August2021– via Newspapers.
  31. ^"Purolator No Longer Courier".Material Handling & Logistics.1 March 2011.Archivedfrom the original on 25 August 2021.Retrieved24 August2021.
  32. ^Kaufman, Lawrence H. (7 May 1989)."QUICK MERGER CREATED NEW EMERY WORLDWIDE".JOC.Archivedfrom the original on 25 August 2021.Retrieved24 August2021.
  33. ^"History & Heritage".Stant.Archivedfrom the original on 20 August 2021.Retrieved24 August2021.
  34. ^"Facet Enterprises consolidates Purolator headquarters".UPI.Tulsa, Oklahoma. 5 February 1987.Archivedfrom the original on 25 August 2021.Retrieved24 August2021.
  35. ^ab"COMPANY NEWS; PENNZOIL'S PUROLATOR UNIT TO GO PUBLIC".The New York Times.Bloomberg Business News. 28 October 1992. p. D3.Archivedfrom the original on 16 January 2018.Retrieved24 August2021.
  36. ^"PENNZOIL SAYS 95 PERCENT OF FACET SHARES TENDERED".Deseret News.Associated Press. 22 May 1988.Archivedfrom the original on 25 August 2021.Retrieved24 August2021.
  37. ^McCauley, Byron (7 February 1990)."PENNZOIL TO SELL FACET FILTER UNIT".Greensboro News and Record.Archivedfrom the original on 25 August 2021.Retrieved24 August2021.
  38. ^"Purolator to Be Revamped".The Oklahoman.19 April 1990.Archivedfrom the original on 25 August 2021.Retrieved24 August2021.
  39. ^"COMPANY NEWS; MARK IV TO BUY PUROLATOR FOR $273 MILLION".The New York Times.Reuters. 4 October 1994. p. D4.Archivedfrom the original on 26 May 2015.Retrieved24 August2021.
  40. ^"Arvin buying Purolator: Arvin Industries Inc. said...".Chicago Tribune.8 February 1999.Archivedfrom the original on 25 August 2021.Retrieved24 August2021.
  41. ^"COMPANY NEWS; MARK IV SELLS FILTER UNIT TO CLARCOR FOR $144.8 MILLION".The New York Times.Dow Jones. 14 September 1999. p. C4.Archivedfrom the original on 8 November 2018.Retrieved24 August2021.
  42. ^MANN+HUMMEL (27 March 2013)."MANN+HUMMEL Takes Over Purolator Filters Joint Venture from Bosch"(Press release). Ludwigsburg, Germany and Fayetteville, North Carolina: Business Wire.Archivedfrom the original on 24 August 2021.Retrieved24 August2021.
  43. ^Reidy, Roisin (4 December 2012)."Mann+Hummel to acquire full ownership of Purolator JV".Filtration + Separation.Archivedfrom the original on 22 February 2019.Retrieved21 February2019.
  44. ^"Products".Purolator.Archivedfrom the original on 17 August 2021.Retrieved25 August2021.
  45. ^"Purses Upped For NASCAR Circuit Races".The State.Daytona Beach, Florida. 26 June 1955. p. 22.Retrieved25 August2021.
  46. ^"Rookies will have to prove 'selves".Johnson City Press.Charlotte, North Carolina. 13 May 1970. p. 12.Retrieved25 August2021.
  47. ^Hamer, Jim (14 May 1972)."Pearson Bidding To Change Image".Asheville Citizen-Times.p. 21.Retrieved25 August2021.
  48. ^Marshall, Elbert (24 April 1974)."Racing Report".The Daily Times-News.p. 29.Retrieved25 August2021.
  49. ^Phillips, Ron (18 April 1975)."Purolator 500 is Aug. 3..."News Beacon and Dispatch.p. 16.Retrieved25 August2021.
  50. ^"Ready To Go".The Danville News.19 February 1976. p. 10.Retrieved25 August2021.
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