A.O. Smith consolidating motor sector through serial acquisitions

A.O. Smith framed the MagneTek deal as part of a string of acquisitions (UPPCO subfractional business and GE's compressor motor operation) that would roughly triple sales to the $1 billion level, evidencing a roll-up of the electric-motor sector.

“The acquisition, combined with its prior acquisitions of the UPPCO subfractional business and General Electric’s compressor motor operation, will take A.O. Smith’s sales to the $1 billion level next year, compared to the sales of $337 million as recently as 1996, said Robert J. O’Toole, company chairman.”

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