AIMC (Altra Holdings) announced an agreement to acquire German rival Danfoss Bauer's gearmotor division which is expected to add to Altra's earnings r…more
AIMC (Altra Holdings) announced an agreement to acquire German rival Danfoss Bauer's gearmotor division which is expected to add to Altra's earnings right from the start and the division produced a healthy $104 million in sales last year which puts Altra ahead of Kaydon (NYSE: KDN ) and Powell Industries (Nasdaq: POWL ) , though the company still has a long way to go before catching sector giant Regal Beloit (NYSE: RBC ) . Altra is pushing to grow fast by acquisitions while also expanding its… More
$350 is a base for a new catapult on April 19 when the company reports its earnings from the iPad 2 sales which is sold out in Apple stores and at the website for 3-4 weeks.
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