Generac Finalizes Acquisition of Pramac

Generac has closed on its agreement to acquire a majority share of PR Industrial S.r.l. and its subsidiaries, owner of the Pramac brand, a manufacturer of stationary and mobile generators for commercial and industrial applications. It also makes portable generators used for residential, light construction and recreational purposes.

The company also has a line of material handling equipment sold under the Lifter brand. Pramac sells into more than 150 countries through a broad distribution network and employs more than 600 people. It has four manufacturing plants and 14 commercial branches worldwide.

Generac, based in Waukesha, Wis., is a leading designer and manufacturer of power generation equipment and other engine-powered products.