Generac Holdings Inc. (NYSE: GNRC)
GNRC (?Generac?) previously reported the closing of the definitive share purchase agreement to acquire all of the shares of Ottomotores UK Limited and its affiliates, which includes the operations of Ottomotores Mexico and Ottomotores Brazil (collectively ?Ottomotores?). As previously disclosed in a press release dated November 20, 2012, the total purchase price paid for the acquisition was $46.5 million in cash, and is subject to certain net asset adjustments based on the closing balance sheet. The closing of the transaction occurred on Saturday, December 8, 2012.
Since 1959, Generac Holdings Inc. (NYSE: GNRC) has been a leading designer and manufacturer of a wide range of generators and other engine powered products. As a leader in power equipment serving residential, light commercial, industrial and construction markets, Generac?s power products are available through a broad network of independent dealers, retailers, wholesalers and equipment rental companies. The Company markets and distributes its products primarily under its Generac, Magnum and Ottomotores brand names. For more information about Generac Holdings please visit www.generac.com.
In my opinion this is a stock to watch!
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