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Generac's (GNRC) Power Systems Unit Closes Purchase of Magnum Products

October 3, 2011 4:33 PM EDT
Generac Power Systems, a subsidiary of Generac Holdings (Nasdaq: GNRC), announced Monday that it has acquired Magnum Products.

The transaction was completed today.

Magnum will function as a standalone business, continuing operations out of its facilities in Berlin, Wis. Generac will maintain the Magnum brand and the companies will together employ more than 1,800 people throughout Wisconsin.


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