{"id":45102,"date":"2016-04-06T14:03:00","date_gmt":"2016-04-06T18:01:00","guid":{"rendered":"http:\/\/hispanicprwire.com\/generac-to-acquire-majority-share-of-pr-industrial\/"},"modified":"2016-04-06T14:06:03","modified_gmt":"2016-04-06T18:06:03","slug":"generac-adquiere-la-participacion-mayoritaria-de-pr-industrial","status":"publish","type":"post","link":"https:\/\/hispanicprwire.com\/en\/generac-adquiere-la-participacion-mayoritaria-de-pr-industrial\/","title":{"rendered":"Generac to Acquire Majority Share of PR Industrial"},"content":{"rendered":"<p><\/p>\n<style type=\"text\/css\"><![CDATA[\n\/* Style Definitions *\/\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n]]><\/style>\n<div class=\"xn-content\">\n<p><span class=\"xn-location\">WAUKESHA, Wisconsin<\/span>, <span class=\"xn-chron\">April 6, 2016<\/span> \/PRNewswire-HISPANIC PR WIRE\/ &#8212;\u00a0Generac Holdings Inc. (NYSE: GNRC) (&#8220;Generac&#8221;), 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\u00ae brand (collectively Pramac).\u00a0 The transaction is expected to close prior to the end of the first quarter of 2016. <\/p>\n<p>Founded in 1966 by the Campinoti family and headquartered in Siena, <span class=\"xn-location\">Italy<\/span>, Pramac is a leading manufacturer of stationary and mobile generators for a variety of commercial and industrial applications primarily sold under the Pramac\u00ae brand, as well as portable generators used for numerous residential, light construction and recreational purposes.\u00a0 The company also has a line of material handling equipment sold under the Lifter\u00ae brand.\u00a0 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.\u00a0\u00a0 <\/p>\n<p>&#8220;<i>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<\/i>,&#8221; said <span class=\"xn-person\">Aaron Jagdfeld<\/span>, President and Chief Executive Officer.\u00a0 &#8220;<i>This acquisition will dramatically increase our global presence by adding product, manufacturing and distribution capabilities that serve local markets around the world.\u00a0 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<\/i>.&#8221;<\/p>\n<p><b>CONTACT: <br \/><\/b><span class=\"xn-person\">Michael W. Harris<\/span><br \/>Vice President \u2013 Finance\u00a0 <br \/>(262) 544-4811 x2675<br \/><a href=\"mailto:Michael.Harris@Generac.com\" target=\"_blank\" rel=\"nofollow\">Michael.Harris@Generac.com<\/a><\/p>\n<p>HTML<br \/><a href=\"http:\/\/www.infosol.com.mx\/proyectos\/generac\/Generac-to-Acquire-Majority-Share-of-PR-Industrial.html\" target=\"_blank\" rel=\"nofollow\">http:\/\/www.infosol.com.mx\/proyectos\/generac\/Generac-to-Acquire-Majority-Share-of-PR-Industrial.html<\/a><\/p>\n<p>Word<br \/><a href=\"http:\/\/www.infosol.com.mx\/proyectos\/generac\/Generac-to-Acquire-Majority-Share-of-PR-Industrial.docx\" target=\"_blank\" rel=\"nofollow\">http:\/\/www.infosol.com.mx\/proyectos\/generac\/Generac-to-Acquire-Majority-Share-of-PR-Industrial.docx<\/a><\/p>\n<\/div>\n<p> <\/p>","protected":false},"excerpt":{"rendered":"<div class=\"xn-content\">\n<p><span class=\"xn-location\">WAUKESHA, Wisconsin<\/span>, <span class=\"xn-chron\">April 6, 2016<\/span> \/PRNewswire-HISPANIC PR WIRE\/ &#8212;\u00a0Generac Holdings Inc. (NYSE: GNRC) (&#8220;Generac&#8221;), 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\u00ae brand (collectively Pramac).\u00a0 The transaction is expected to close prior to the end of the first quarter of 2016. <\/p>\n<p>Founded in 1966 by the&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[2],"tags":[],"class_list":["post-45102","post","type-post","status-publish","format-standard","hentry","category-negocios-y-finanzas"],"acf":[],"_links":{"self":[{"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/posts\/45102","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/comments?post=45102"}],"version-history":[{"count":0,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/posts\/45102\/revisions"}],"wp:attachment":[{"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/media?parent=45102"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/categories?post=45102"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/tags?post=45102"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}