Baldor Electric buys Northern Magnetics

Baldor Electric Co. announced March 10 that it has acquired Northern Magnetics Inc. (Normag, Santa Clarita, Calif.) for an undisclosed sum payable in shares of Baldor common stock. Normag's range of linear motors will be added to Baldor's motor and drive lines, which range from 1/50 to 800 hp.

04/01/1998


Baldor Electric Co. announced March 10 that it has acquired Northern Magnetics Inc. (Normag, Santa Clarita, Calif.) for an undisclosed sum payable in shares of Baldor common stock. Normag's range of linear motors will be added to Baldor's motor and drive lines, which range from 1/50 to 800 hp.

"This is a perfect fit with our motors and controls. It strengthens our ability to offer customers a wide range of motors and drives," says Roland Boreham Jr., Baldor's chairman.

Baldor report 1997 annual sales of $558 million. Normag had annual sales of just under $10 million during the same year.





No comments
Consulting-Specifying Engineer's Product of the Year (POY) contest is the premier award for new products in the HVAC, fire, electrical, and...
Consulting-Specifying Engineer magazine is dedicated to encouraging and recognizing the most talented young individuals...
The MEP Giants program lists the top mechanical, electrical, plumbing, and fire protection engineering firms in the United States.
Combined heat and power; Assessing replacement of electrical systems; Energy codes and lighting; Salary Survey; Fan efficiency
Commissioning lighting control systems; 2016 Commissioning Giants; Design high-efficiency hot water systems for hospitals; Evaluating condensation and condensate
Solving HVAC challenges; Thermal comfort criteria; Liquid-immersion cooling; Specifying VRF systems; 2016 Product of the Year winners
Driving motor efficiency; Preventing Arc Flash in mission critical facilities; Integrating alternative power and existing electrical systems
Putting COPS into context; Designing medium-voltage electrical systems; Planning and designing resilient, efficient data centers; The nine steps of designing generator fuel systems
Designing generator systems; Using online commissioning tools; Selective coordination best practices
As brand protection manager for Eaton’s Electrical Sector, Tom Grace oversees counterfeit awareness...
Amara Rozgus is chief editor and content manager of Consulting-Specifier Engineer magazine.
IEEE power industry experts bring their combined experience in the electrical power industry...
Michael Heinsdorf, P.E., LEED AP, CDT is an Engineering Specification Writer at ARCOM MasterSpec.
click me