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Slide #86. Generac Holdings Inc. — Baldor Generator Business
Generac Holdings Inc. (NYSE:GNRC)
Baldor Generator Business
Generac Holdings Inc. (NYSE:GNRC,theCompanyorGenerac), 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 Holdings is a designer and manufacturer of a range of energy technology solutions. Co. provides power generation equipment, grid service solutions, and other power products serving the residential, light commercial and industrial markets. Co. classifies its products into three categories: Residential products, which provides residential automatic standby generators that operate on natural gas, liquid propane or diesel; Commercial and Industrial (C&I), which provides a line of C&I generators fueled by natural gas, liquid propane and Bi-Fuel; and Other products and services, which consists of aftermarket service parts and product accessories sold to its customers.
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Strong Buy (3.86 out of 4)