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Generac to Acquire Majority Share of PR Industrial; Terms Not Disclosed

By Insider Scoop
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Courtesy of Benzinga.

Generac Holdings Inc. (NYSE: GNRC) 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

See full press release

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