October
23 -- Waukesha-based Generac Power Systems has acquired some assets of Kearney,
Neb.-based Pramac America LLC, from Siena, Italy-based Pramac Industries Inc.
The
transaction price was not disclosed.
Pramac
America manufactures and distributes portable generators, water pumps and other
related products under the Pramac, Powermate, DeWalt and Porter Cable brands
under a licensing agreement with the U.S., Canada and Mexico.
Generac
purchased the Powermate brand, working capital and equipment from Pramac. It
will also assume the licensing agreement for the DeWalt and Porter Cable
brands. The entity will be renamed Powermate America LLC.
Pramac
previously announced it will close its Kearney facility. That closure will
still happen, Generac said, but it will retain the Marietta, Ga. location and
operate the business from there.
Generac
acquired the assets to expand its portable engine powered tools offerings.
“It
will provide even greater distribution opportunities for both companies and
allow Generac to leverage our combined scale and strength to create value for
our customers in sourcing, distribution, manufacturing and product design,” a
Generac spokesman said.
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