Industrial Machinery & Equipment M&A » By The Online Investor Staff, updated Fri., Jun. 9, 6:27 AM
Recent mergers and acquisitions in the Industrial Machinery & Equipment M&A category.
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Slide #11. Rexnord — Green Turtle Technologies Ltd., Green Turtle Americas Ltd. and Filamat Composites Inc.
Acquirer:
Rexnord (RXN)
Acquiree:
Green Turtle Technologies Ltd., Green Turtle Americas Ltd. and Filamat Composites Inc.
Details:
Today Rexnord (NYSE:RXN) announced that it has acquired Green Turtle Technologies Ltd., Green Turtle Americas Ltd. and Filamat Composites Inc. (collectively "Green Turtle"). Based in Toronto, Ontario, and Charlotte, North Carolina, Green Turtle serves the North American market and has annual sales of approximately $18 million (USD).
Rexnord is engaged as an industrial company. Co. operates its business in two platforms: Process and Motion Control, and Water Management. Co.'s Process and Motion Control platform designs, manufactures, markets and services a range of mechanical components. Co.'s products and services are marketed and sold under brand names, including Rexnord®, Rex®, Addax®, Euroflex®, Falk®, FlatTop®, Cambridge®, Link-Belt®, Omega®, PSI®, Shafer®, Stearns®, Highfield®, Thomas®, Centa®, and Tollok™. Co.'s Water Management platform designs, procures, manufactures, and markets products that provide and improve water quality, safety, flow control and conservation.
Preferred: RXN.PRA
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Avg. Broker Rec.
 
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Strong Buy (3.50 out of 4) 100th percentile
(ranked higher than approx. 100% of all stocks covered)
Analysts' Target Price: RXN Stock Forecast Based on Zacks ABR data; powered by Xignite |
