First Business

October 08, 2013

Generac acquires Baldor generator business in Oshkosh

Generac Holdings Inc. said Monday it will acquire Baldor Electric Co.â;€™s generator products division based in Oshkosh.

Generac (NYSE: GNRC), the Genesee-based generator and engine-powered products manufacturer, has signed a purchase agreement with Baldor for the generator business. Terms werenâ;€™t disclosed.

Baldor is a subsidiary of ABB Group.

The acquisition is expected to close in the fourth quarter of 2013. Generac will not keep the Baldor brand name beyond a transition period, but will continueâ;€¦;

Read Full Article Online »

« Return to Business Articles