Actuant acquires Weasler Engineering
Actuant Corporation announced it signed a definitive agreement to acquire Weasler Engineering Inc. for $155 million.
The purchase is subject to customary regulatory approvals and closing conditions, and is expected to close in June 2011. Weasler generated approximately $85 million in revenue in the past 12 months.
Headquartered in West Bend, Wis., Weasler is a global designer and manufacturer of highly engineered drivetrain components and systems for agriculture, lawn and turf, and industrial equipment. Approximately 60 percent of Weasler's revenue is derived from Original Equipment Manufacturers (OEMs) with the balance from aftermarket parts and services, primarily in North America. Weasler's product offering includes a broad range of drivetrain solutions used in the agricultural market including grain handling and hay foraging. In addition to drivetrains, Weasler also supplies a variety of torque limiters, high-end gearboxes, clutches and torsional dampers.
"Weasler represents a great addition to Actuant's Engineered Solutions segment. Its leadership position in North America, strong aftermarket presence and solid management team have allowed Weasler to generate above average growth," said Robert C. Arzbaecher, Actuant CEO.
INDUSTRIAL SUPPLY MAGAZINE
The May/June issue of Industrial Supply magazine features an in-depth cover story about GHX Industrial. Plus, we're featuring articles by contributing writers Dr. Bharani Nagarathnam and Frank Hurtte, as well as interviews with numerous product and distribution industry experts.
