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Slide #50. Rexnord — Precision Gear Holdings, LLC
Acquirer:
Rexnord (RXN)
Acquiree:
Precision Gear Holdings, LLC
Details:
Rexnord (NYSE:RXN) announced today that it has acquired Precision Gear Holdings, LLC ("PGH"). PGH has two operating subsidiaries, Merit Gear LLC, located in Antigo, WI, and Precision Gear LLC, located in Twinsburg, OH. PGH employs approximately 190 associates and has annual net sales of approximately $45 million.
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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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 |