Generac Closes on the Acquisition of the Baldor Generator Business
November 01 2013 - 9:00AM
Business Wire
Generac Holdings Inc. (NYSE: GNRC, the “Company” or “Generac”),
a leading designer and manufacturer of generators and other engine
powered products, announced today the closing of the purchase
agreement with Baldor Electric Company (“Baldor”), a wholly-owned
subsidiary of ABB Group, to acquire substantially all of the assets
of Baldor’s generator products division (“Baldor Generators”). As
previously disclosed in a press release dated October 7th, 2013,
Baldor Generators offers a complete line of portable, mobile,
standby and prime power generators ranging from 3kW to 2.5MW
throughout North America.
Generac company news is available 24
hours a day, on-line at:
http://www.generac.com.
About Generac (NYSE: GNRC)
Since 1959, Generac has been a leading designer and manufacturer
of a wide range of generators and other engine powered products. As
a leader in power equipment serving residential, light commercial,
industrial and construction markets, Generac's power products are
available internationally through a broad network of independent
dealers, retailers, wholesalers and equipment rental companies.
About Baldor Electric Company
Baldor Electric Company markets, designs and manufactures
industrial electric motors, mechanical power transmission products
and drives. Baldor, a member of the ABB Group, is headquartered in
Fort Smith, Arkansas.
Generac Holdings Inc.York A. RagenChief Financial Officer(262)
506-6064InvestorRelations@generac.comorMichael W. HarrisDirector –
Finance and Investor Relations(262) 544-4811
x2675Michael.Harris@generac.com
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