Maska Pulleys acquired by Baldor Electric
Ste-Claire, QC -- Poulies Maska Inc. (Maska Pulleys) has been acquired by Baldor Electric Company, Fort Smith, AR. ...
Ste-Claire, QC — Poulies Maska Inc. (Maska Pulleys) has been acquired by Baldor Electric Company, Fort Smith, AR. Maska is a designer, manufacturer and marketer of sheaves, bushings, couplings and related mechanical power transmission components. Baldor markets, designs, and manufactures industrial electric motors, power transmission products, drives and generators.
“We are excited to announce the addition of Maska to our line of mechanical power transmission products,” said John McFarland, chairman and CEO of Baldor. “Over the past five years, the management team at Maska has increased sales and profits by nearly 50%. Their two automated and efficient facilities produce a large variety and some of the highest quality products available in the marketplace.
Maska has 180 employees primarily located in Canada, plus a new facility in China. Its 2007 sales were around US$33 million.
“Maska’s sheaves and bushings complement our Dodge line with each having success in different parts of the market,” said McFarland.
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.
For more information, visit www.maskapulleys.com.