Core Insights - Fleetguard leverages its Cummins heritage and engineering-first approach to differentiate itself in the filtration aftermarket [1] - The company has transitioned to a standalone entity under the Atmus name while maintaining its global manufacturing and technology centers, generating over $1.6 billion annually, primarily from aftermarket sales [3] Company History and Structure - Fleetguard was established in the 1950s by Cummins Engine to supply filters for its engines, which has become central to its identity and competitive advantage [2] - The company recently became independent from Cummins but continues to operate with a strong focus on its engineering capabilities and product quality [3] Product Development and Innovation - During the COVID-19 pandemic, Fleetguard utilized its unique capability to develop and manufacture its own filter media to pivot into producing face masks in partnership with 3M [4][5] - Fleetguard's commitment to meeting or exceeding original equipment (OE) specifications across its product line is a key differentiator from competitors [6] Engineering Expertise - The company possesses a deep understanding of the science behind filtration technology, stemming from its engine heritage and collaboration with global engine manufacturers [7] - Fleetguard's long-range collaboration with engine manufacturers allows it to gain insights into fuel systems and engineering challenges, informing the development of specialized filtration technology [8]