Posts Tagged ‘Generac’

Generac to Acquire Majority Share of PR Industrial

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WAUKESHA, Wisconsin, April 6, 2016 /PRNewswire-HISPANIC PR WIRE/ – Generac Holdings Inc. (NYSE: GNRC) (”Generac”), a leading designer and manufacturer of power generation equipment and other engine powered products, announced today the signing of an agreement to acquire a majority share of PR Industrial S.r.l and its subsidiaries, owner of the Pramac® brand (collectively Pramac).  The transaction is expected to close prior to the end of the first quarter of 2016.

Founded in 1966 by the Campinoti family and headquartered in Siena, Italy, Pramac is a leading manufacturer of stationary and mobile generators for a variety of commercial and industrial applications primarily sold under the Pramac® brand, as well as portable generators used for numerous residential, light construction and recreational purposes.  The company also has a line of material handling equipment sold under the Lifter® brand.  Selling into over 150 countries through a broad distribution network, Pramac employs over 600 people across its four manufacturing plants and 14 commercial branches worldwide.

Acquiring a majority share of Pramac will be a great strategic fit for Generac as we build out our power generation business around the globe,” said Aaron Jagdfeld, President and Chief Executive Officer.  “This acquisition will dramatically increase our global presence by adding product, manufacturing and distribution capabilities that serve local markets around the world.  In addition to creating global opportunities for our existing product lines, this transaction should also generate meaningful cost synergies as we leverage our combined sourcing and manufacturing capabilities across the world.”

CONTACT:
Michael W. Harris
Vice President – Finance
(262) 544-4811 x2675
Michael.Harris@Generac.com

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Nor Joaquin, Patricia or Katrina can stop the continuity of a business or government service, according to Generac

MEXICO CITY, Jan. 21, 2016 /PRNewswire-HISPANIC PR WIRE/ — The devastating presence of Joaquín in the Bahamas reminds us that nothing and no one is exempt from suffering a drubbing of nature and that we also cannot avoid it; from the common citizen whose housing can be destroyed by a natural phenomenon to the hotel chains with large tourist complexes, nor much less our governments, which even with a strategy of intelligence and security, can only prevent further damage and take actions to mitigate the impact. Against the force of nature, who can stand up to it?

The urgent need for immediate power supply, either due to the deficiency of existing supplies, a failure in a power station, a natural disaster or any unforeseen catastrophe, can be satisfied by means of portable power generators.

According to Generac, leading designer and manufacturer of backup systems in continuous energy operation, mobile products and power tools, here are some of its main benefits:

  • Mobile generators are built to last and excel in extreme conditions, which make them invaluable for emergency response situations, construction sites, road equipment, field bases and other applications that require a reliable mobile power supply.
  • It is about efficient solutions for a rapid capability application, since its modular design has been conceived for a fast mobilization and ramp up.
  • There are residential, commercial and industrial product lines, allowing for an affordable solution for all types of businesses or residences. For businesses that do not want to make the investment, a portable solution designed for temporal use can also be offered.
  • For the Government sector, specifically, it is very important to maintain the continuity of operations. By having a backup generator for emergency use, services such as police and fire stations can guarantee uninterrupted service to the population.

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Media Contact:
Samara Salgado
5255 56245632
Samara.Salgado@generac.com

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