Monday, November 21, 2011

Wabtec acquires Fulmer Company

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Wabtec Corporation has acquired Fulmer Company, manufacturer of motor components for rail, power generation and other industrial markets. Based in Export, Pa., Fulmer has annual sales of about $15 million. Wabtec expects the transaction to be accretive in the first year.

Fulmer designs and manufactures brush holders and spring assemblies, which are critical components in electric traction motors and generators. The company's products are used in a variety of markets, including freight and transit rail, power generation and transmission and mining. Fulmer has about 100 employees.

"Fulmer is the preferred original equipment and aftermarket supplier of its products and will be a strong complement to our Swiger Coil traction motor business," said Albert Neupaver, Wabtec's president and chief executive officer. "In addition, we expect to generate top-line synergies through Wabtec's sales channels, especially in international markets."

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