FORT SMITH, Ark. (AP) -- Electric motor and generator maker Baldor Electric Co. said Tuesday that it acquired Canada-based Poulies Maska Inc. for an undisclosed sum.
The Ste-Claire, Quebec-based company, is a designer, manufacturer and marketer of sheaves, bushings, couplings and related mechanical power transmission components.
Poulies Maska employs 180 workers in Canada and China and posted sales of about $33 million last year, Baldor said.
Baldor said it expects the acquisition, which was funded with cash and an existing credit facility, to boost its earnings per share by about 3 cents.
Baldor shares rose $1.61, or 4.5 percent, to $37.25 in morning trading.