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Wabtec Corporation acquired L&M Radiator, Inc., a manufacturer of heavy-duty radiators and heat exchangers, for $230 million in cash. L&M Radiator will join Wabtec's Components Group.
L&M Radiator is investing $17.6 million to add 100,000 square feet of manufacturing and office space to its existing facility in Hibbing, Minnesota, and hiring 22 new workers.
L&M Radiator Inc. is building an $18 million, 100,000-square-foot manufacturing plant at its headquarters in Hibbing, Minnesota, replacing five old buildings. The project is underway.
| Site | Largest | Latest |
|---|---|---|
| Hibbing, United States | $18.0M | 2018-02-19 |