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Baldor Acquires Poulies Maska, Inc.

By Design World Staff | October 2, 2008

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Fort Smith, Arkansas
– Baldor Electric Company (NYSE:BEZ)  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.


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.


www.baldor.com


::Design World::


Filed Under: Electronics • electrical, Mechanical

 

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