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Wabtec buys Fulmer Co.

Wabtec acquires Fulmer Co. from: http://www.railwayage.com/breaking-news/wabtec-acquires-fulmer-co.-3738.html E-mail
Monday, November 21, 2011

Wabtec Corp. on Monday said it has acquired Fulmer Co., a manufacturer of motorcomponents for rail, power generation, and other industrial markets.Based in Export, Pa., Fulmer has annual sales of about $15 million.Wilmerding, Pa.-based 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 andgenerators. 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 ofits products, and will be a strong complement to our Swiger Coiltraction motor business,” said Albert J. Neupaver, Wabtec’s presidentand chief executive officer. “In addition, we expect to generatetop-line synergies through Wabtec's sales channels, especially ininternational markets.”

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