Wabtec Acquires L&M Radiator, Inc.
Wabtec Corporation (NYSE: WAB) announced today it has acquired L&M Radiator, Inc., a leading manufacturer of heavy-duty equipment radiators and heat exchangers.
- Wabtec Corporation (NYSE: WAB) announced today it has acquired L&M Radiator, Inc., a leading manufacturer of heavy-duty equipment radiators and heat exchangers.
- “We are excited to welcome L&M Radiator to Wabtec,” said Mike Fetsko, President of Wabtec’s Freight & Industrial Components business.
- “This transaction will further Wabtec’s presence in premium heat transfer solutions and will extend and complement Wabtec’s mining products portfolio.
- Wabtec is acquiring L&M for $230 million in cash, financed through cash on hand and a revolving credit facility.