Joy Global (JOY) Tops Q2 EPS by 1c

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Joy Global (JOY) Acquires Montabert in EUR 110M Deal

June 4, 2015 6:12 AM EDT

Joy Global (NYSE: JOY) closed on its purchase of Montabert on June 1, 2015 for 110 million, subject to a working capital adjustment. Net sales for the last twelve months ended March 31, 2015 for Montabert were approximately $100 million. This acquisition was partially funded through funds borrowed under our Revolving... More