Battery Maker EnerSys Snaps Up Purcell For $115M

Law360, New York (September 18, 2013, 4:44 PM EDT) -- Seeking to shore up its production, Pennsylvania-based industrial battery maker EnerSys announced Wednesday that it has penned a deal to acquire battery housing giant Purcell Systems for $115 million.

While the details of the deal were not released, EnerSys CEO John D. Craig said that “Purcell's products and services are a natural extension of EnerSys' stored energy market leadership."

"Purcell sales are currently in excess of $100 million per year, and we anticipate that this transaction will be accretive to our earnings by 15 to 20...
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