Monday, August 03, 2015 1:21:30 PM
Generac Holdlings Inc. Charts.Acquisition provides an expanded portfolio of professional grade, engine-powered products primarily sold under the DR® Power Equipment brand name
Generac Holdings Inc. (NYSE: GNRC) (“Generac”), a leading designer and manufacturer of power generation equipment and other engine powered products, announced today the acquisition of Country Home Products, Inc and its subsidiaries (collectively, Country Home Products), effective August 1, 2015.
Founded in 1985 and headquartered in Vergennes, Vermont, Country Home Products is a leading manufacturer of high-quality, innovative, professional-grade engine-powered equipment used in a wide variety of property maintenance applications. Primarily sold in North America under the DR® and Neuton® brand names, Country Home Products employs over 200 people across its headquarters and two other facilities located in Vermont.
“Acquiring Country Home Products is a great strategic fit for Generac’s business and is perfectly aligned with our Powering Ahead strategic objective of diversifying our end markets with new products and services,” said Aaron Jagdfeld, President and Chief Executive Officer. “This acquisition dramatically expands our chore-related products line-up and will provide additional scale to our residential engine-powered tools platform. We believe this transaction should create meaningful cross-selling opportunities with our existing distribution and should also generate certain cost synergies as we leverage our existing global sourcing and manufacturing capabilities.”
“This is a very exciting transaction for Country Home Products,” said Joe Perrotto, President of Country Home Products. “It will open up even larger markets for sales of DR®, Neuton® and Generac® products both in the U.S. and globally, and will also create meaningful opportunities to improve our product costs and ultimately the value we bring to our customers. We are pleased to join the Generac family and look forward to our continued success as we work together to drive growth and bring exceptional products, service, and value to the markets we serve.”
Country Home Products’ management team will continue to lead the business going forward, and the DR® and Neuton® brand names will join Generac’s family of brands in serving a broad, global customer base. The purchase price and other terms of the acquisition were not announced. Additional comments regarding this acquisition will be provided when Generac releases its second quarter 2015 financial results and holds a conference call on Thursday, August 6, 2015.
"Then there was a woman, a lion of a woman."
Recent GNRC News
- Generac Unveils Next Generation PWRcell Energy Storage Products at RE+ • PR Newswire (US) • 09/10/2024 11:30:00 AM
- Generac Encourages Early Planning for Power Outages During National Preparedness Month • PR Newswire (US) • 09/04/2024 11:30:00 AM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 09/03/2024 04:06:03 PM
- Generac, Highland Homes Commit to Enhancing Energy Security for Texas Homeowners • PR Newswire (US) • 08/08/2024 11:30:00 AM
- Form SC 13D - General Statement of Acquisition of Beneficial Ownership • Edgar (US Regulatory) • 08/07/2024 10:25:02 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/06/2024 08:25:29 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/06/2024 08:23:28 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/06/2024 08:21:43 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/06/2024 08:09:35 PM
- Generac Strengthens Microgrid and Energy Storage Solutions with Acquisition of Ageto • PR Newswire (US) • 08/05/2024 11:30:00 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/02/2024 08:03:55 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 08/01/2024 01:56:30 PM
- US Index Futures Up Ahead of Fed Decision; Oil Prices Surge Amid Middle East Tensions • IH Market News • 07/31/2024 10:01:30 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 07/31/2024 10:01:16 AM
- Wallbox Announces $45 Million Strategic Investment • Business Wire • 07/31/2024 10:01:00 AM
- Generac Reports Second Quarter 2024 Results • GlobeNewswire Inc. • 07/31/2024 10:00:31 AM
- Generac and Metropolitan Builders Association of Greater Milwaukee to Host National Association of Home Builders Chief Economist Dr. Robert Dietz for Exclusive Housing Market Forecast Event on July 31, 2024 • PR Newswire (US) • 07/23/2024 11:30:00 AM
- Generac Receives Up To $200 Million Award from U.S. Department of Energy to Supply Renewable Power to Puerto Rico's Most Vulnerable Residents • PR Newswire (US) • 07/17/2024 05:30:00 PM
- Generac Announces Second Quarter 2024 Earnings Release Date and Conference Call • GlobeNewswire Inc. • 07/17/2024 10:00:36 AM
- Generac Expands Energy System Offerings with Level 2 EV Charger • PR Newswire (US) • 07/15/2024 11:30:00 AM
- Generac Expands Energy Storage Solutions with Acquisition • PR Newswire (US) • 06/27/2024 11:45:00 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 06/17/2024 08:01:58 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/04/2024 08:33:19 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/04/2024 08:31:40 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 06/03/2024 02:43:45 PM
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM
Dear Cashmere Group Holding Co. AKA Swifty Global Signs Binding Letter of Intent to be Acquired by Signing Day Sports • DRCR • Sep 19, 2024 10:26 AM
HealthLynked Launches Virtual Urgent Care Through Partnership with Lyric Health. • HLYK • Sep 19, 2024 8:00 AM
Element79 Gold Corp. Appoints Kevin Arias as Advisor to the Board of Directors, Strengthening Strategic Leadership • ELMGF • Sep 18, 2024 10:29 AM
Mawson Finland Limited Further Expands the Known Mineralized Zones at Rajapalot: Palokas step-out drills 7 metres @ 9.1 g/t gold & 706 ppm cobalt • MFL • Sep 17, 2024 9:02 AM
PickleJar Announces Integration With OptCulture to Deliver Holistic Fan Experiences at Venue Point of Sale • PKLE • Sep 17, 2024 8:00 AM