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Gleason Corporation Acquires The Pfauter Group - September/October 1997

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Archive > 1997 > September/October 1997 > Gleason Corporation Acquires The Pfauter Group

The article "Gleason Corporation Acquires The Pfauter Group" appeared in the September/October 1997 issue of Gear Technology.

Summary
Gleason Corporation has announced that agreement has been reached on all terms to acquire for approximately $36 million in cash the Hermann Pfauter Group, including, among other operations, Hermann Pfauter GmbH & Co., a privately held leading producer of gear equipment based in Ludwigsburg, Germany; its 76% interest in Pfauter-Maad Cutting Tools, a leading cutting tool manufacturer basked in Loves Park, IL; and Pfauter-Maag management's 24% ownership interest in that company. The acquisition includes all assets and liabilities, including the assumption of approximately $56 million in bank debt.

Keywords
Gleason, Pfauter, Gleason Corporation, Hermann Pfauter GmbH, acquisitions

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