Baldor Corp. sold to Swiss group ABB | Arkansas Blog

Tuesday, November 30, 2010

Baldor Corp. sold to Swiss group ABB

Posted By on Tue, Nov 30, 2010 at 7:47 AM

Baldor Corp. the electric motor manufacturer based in Fort Smith, has been sold to ABB, a Swiss group, for $3.1 billion plus another $1.1 billion in assumed debt. The companies' statement says the operation and management in Fort Smith will remain.

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