WAUKESHA, Wis.--(BUSINESS WIRE)--Nov. 1, 2013--
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.
Source: Generac Holdings Inc.
Generac Holdings Inc.
York A. Ragen
Chief Financial Officer
(262)
506-6064
InvestorRelations@generac.com
or
Michael
W. Harris
Director – Finance and Investor Relations
(262)
544-4811 x2675
Michael.Harris@generac.com
