Wabtec Acquires L&M Radiator, Inc.
Summary
It also will accelerate long-term profitable growth across L&M’s innovative products both domestically and internationally, while driving value creation for customers and shareholders. L&M MESABI® heavy-duty equipment radiators and heat exchangers will create a comprehensive thermal management portfolio that extends and augments Wabtec’s capabilities. “This deal is a recognition of L&M’s industry success for more than 65 years and positions our worldwide operations to continue to thrive,” said Dan Chisholm, President of L&M Radiator, Inc. “By joining Wabtec, we can build upon the strengths of our two companies to develop new cooling products for our customers while supporting consistent growth as an industry leader.” L&M Radiator will join Wabtec as a part of its Components Group. Wabtec expects L&M to be immediately accretive to EPS excluding transaction costs, further enhanced with strong synergies to be realized over the next three years. Headquartered in Hibbing, Minnesota, L&M Radiator, Inc. (mesabi.com) is a global company with employees and operations in the United States, Australia, Mexico and Chile.