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Altra Holdings, Inc., Quincy, MA, has agreed to buy power-transmission product manufacturer TB Wood's Corporation, Chambersburg, PA, for $24.80 a share.
TB Wood's, with sales of $118.9 million in 2006, will become a fully owned
subsidiary of Altra.
“TB Wood's is a great fit with the existing Altra platforms and meets our disciplined acquisition
philosophy perfectly, said Michael L. Hurt, chairman and CEO of Altra. “The acquisition of TB Wood's broadens our growing
coupling product line and adds engineered belted drive systems as well as adjustable speed electronic drives and systems to
our product portfolio."
TB Wood's offering of elastomeric couplings fills a gap for Altra and will expand engineered coupling revenues by more than 50%. ...
Altra Holdings, Inc., Quincy, MA, has agreed to buy power-transmission product manufacturer TB Wood's Corporation, Chambersburg, PA, for $24.80 a share.
TB Wood's, with sales of $118.9 million in 2006, will become a fully owned
subsidiary of Altra.
“TB Wood's is a great fit with the existing Altra platforms and meets our disciplined acquisition
philosophy perfectly, said Michael L. Hurt, chairman and CEO of Altra. “The acquisition of TB Wood's broadens our growing
coupling product line and adds engineered belted drive systems as well as adjustable speed electronic drives and systems to
our product portfolio."
TB Wood's offering of elastomeric couplings fills a gap for Altra and will expand engineered coupling revenues by more than 50%. Also, as a result of the sale, Altra revenues generated through distribution will increase by about 37%.
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