Generac acquires Baldor generator business in Oshkosh
Generac Holdings Inc. said Monday it will acquire Baldor Electric Co.Ã¢;Â€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 werenÃ¢;Â€Â™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 continueÃ¢;Â€Â¦;