Baldor Electric Company Announces Acquisition of Maska Power Transmission Business
2008年9月2日 - 10:12PM
PRニュース・ワイアー (英語)
FORT SMITH, Ark., Sept. 2 /PRNewswire-FirstCall/ -- Baldor Electric
Company (NYSE:BEZ) markets, designs, and manufactures industrial
electric motors, power transmission products, drives, and
generators and is based in Fort Smith, Arkansas. Today Baldor
announced that it has acquired Poulies Maska, Inc. of Ste-Claire,
Quebec, Canada. Maska is a designer, manufacturer and marketer of
sheaves, bushings, couplings and related mechanical power
transmission components. They have 180 employees primarily located
in Canada and a new facility in China. Maska's 2007 sales were
approximately $33 million. John McFarland, Chairman and CEO of
Baldor said, "We are excited to announce the addition of Maska to
our line of mechanical power transmission products. Over the past 5
years the management team at Maska has increased sales and profits
by nearly 50%. Their two automated and efficient facilities produce
a large variety and some of the highest quality products available
in the marketplace. Maska's sheaves and bushings complement our
Dodge line with each having success in different parts of the
market." Benefits of the transaction include: -- Operating and
gross margins significantly exceed Baldor's overall margins --
Gives Baldor a second plant in China to support international
growth -- Results in leading market share of sheaves and bushings
in North America -- Accretive to Baldor's earnings by approximately
$0.03 per year, excluding synergies The transaction was funded by
cash and an existing credit facility. Additional terms were not
disclosed. This document contains statements that are
forward-looking, i.e. not historical facts. The forward-looking
statements contained in this document (including but not limited to
"will" and "believe") are based on the Company's current
expectations and some of them are subject to risks and
uncertainties. Accordingly, you are cautioned that any such forward
looking statements are not guarantees of future performance and
involve risks and uncertainties, and that actual results may differ
materially from those projected in the forward looking statements
as a result of various factors. The factors that might cause such
differences include, among others, the following: (i) changes in
economic conditions, (ii) developments or new initiatives by our
competitors in the markets in which we compete, (iii) fluctuations
in the costs of select raw materials, (iv) the success in
increasing sales and maintaining or improving the operating margins
of the Company, and (v) other factors including those identified in
the Company's filings made from time-to-time with the Securities
and Exchange Commission. These statements should be read in
conjunction with the Company's most recent annual report (as well
as the Company's Form 10-K and other reports filed with the
Securities and Exchange Commission) containing a discussion of the
Company's business and of various factors that may affect it.
DATASOURCE: Baldor Electric Company CONTACT: John McFarland,
Chairman & CEO, or Ron Tucker, President & COO, or Tracy
Long, Vice President -- Investor Relations, all of Baldor Electric
Company, +1-479-648-5769, fax, +1-479-648-5701, Web site:
http://www.baldor.com/
Copyright
Baldor (NYSE:BEZ)
過去 株価チャート
から 6 2024 まで 7 2024
Baldor (NYSE:BEZ)
過去 株価チャート
から 7 2023 まで 7 2024
Real-Time news about Baldor Electric CO. (ニューヨーク証券取引所): 0 recent articles
その他のBaldor Electric CO.ニュース記事