AIMC News and Press, Altra Industrial Motion Corp. From 02/09/22

Altra Industrial Motion (NASDAQ:AIMC) has entered into an agreement to sell its Jacobs Vehicle Systems business to Cummins Inc. for $325M. The business generated ~$193M in revenue in 2021. The agreement brings the addition of new technologies to provide growth opportunities for Cummins’...

BRAINTREE, Mass., Feb. 09, 2022 (GLOBE NEWSWIRE) -- Altra Industrial Motion Corp. (Nasdaq: AIMC) (“Altra” or the “Company”), a leading global manufacturer and supplier of motion control, power transmission and automation products, today announced that it has ente...

CLEVELAND, Jan. 03, 2022 (GLOBE NEWSWIRE) -- Nook Industries, Inc. (“Nook” or the “Company”), a leader in US engineered linear motion products and solutions announced today that it has sold the family-owned business to Braintree, Massachusetts based Altra Industr...

Deal Advances Strategy to Focus on Highly Engineered Products in the Motion Control and Power Transmission Markets and Expands Presence in Attractive Medical, Factory Automation and Defense Markets Expects Acquisition to be Cash Accretive in 2022, Excluding Transaction Costs...

Altra Industrial Motion (NASDAQ:AIMC) enters into a new five-year credit agreement among the company and the lenders party to the credit agreement from time to time, which consists of a new $400M term loan and a new $1B revolving credit facility. Proceeds to be used to repay in full all ...

BRAINTREE, Mass., Nov. 17, 2021 (GLOBE NEWSWIRE) -- Altra Industrial Motion Corp. (Nasdaq: AIMC) (“Altra” or the “Company”), a leading global manufacturer and supplier of motion control, power transmission and automation products, today announced that the Company...

BRAINTREE, Mass., Nov. 11, 2021 (GLOBE NEWSWIRE) -- Altra Industrial Motion Corp. (Nasdaq: AIMC), a leading global manufacturer and supplier of motion control, power transmission and automation products, today announced that management will be presenting at the Wolfe Research Industrial...

BRAINTREE, Mass., Nov. 05, 2021 (GLOBE NEWSWIRE) -- Altra Industrial Motion Corp. (Nasdaq: AIMC), a leading global manufacturer and supplier of motion control, power transmission and automation products, today announced that management will be presenting at the Baird 2021 Global Industr...

Image source: The Motley Fool. Altra Industrial Motion Corp (NASDAQ: AIMC) Q3 2021 Earnings Call Oct 22, 2021 , 10:00 a.m. ET Operator Continue reading For further details see: Altra Industrial Motion Corp (AIMC) Q3 2021 Earnings Call Tra...

Demand and Fundamentals Remain Strong as Company Navigates Current Macro-Environment Reduces Debt by $70 Million on Strong Operating Cash Flow Revises 2021 Guidance BRAINTREE, Mass., Oct. 22, 2021 (GLOBE NEWSWIRE) -- Altra Industrial Motion Corp. (Nasdaq:...