Baldor Electric
| Member of the ABB Group | |
| Industry | Manufacturing |
| Founded | St. Louis, Missouri (1920) |
| Headquarters | Fort Smith, Arkansas, United States |
|
Key people
|
Ron Tucker, CEO, President |
| Products |
Electric motors Mechanical Power Transmission Industrial automation Generators |
| Revenue |
 US$1.52B (FY 2009)
|
|
US$178M (FY 2009)
|
|
|
US$59.8M (FY 2009)
|
|
| Total assets |
 US$2.65B (FY 2009)
|
| Total equity |
US$924M (FY 2009)
|
|
Number of employees
|
5500 |
| Website | www.baldor.com |
Baldor Electric Company markets, designs, and manufactures industrial electric motors and mechanical power transmission products.
The company manufactures its products in 15 U.S. locations and 1 in China.
The company sells Baldor*Reliance and ABB branded industrial electric motors. Products are available in both IEC and NEMA configurations and range from fractional to 100,000 horsepower.
The company also sells the Dodge brand of mechanical power transmission products, including mounted bearings, enclosed gearing, couplings, sheaves, and bushings.
Baldor Electric was founded in 1920 by Edwin Ballman and Emil Doerr. The name of the company was derived using part of each of their names. In 1967 the Company's headquarters were moved from St. Louis, Missouri to Fort Smith, Arkansas.
In 2007, Baldor Electric acquired the Dodge and Reliance Electric brands from Rockwell Automation for $1.8 billion. This more than doubled the size of the company, taking it from $800 million in annual revenue to $1.8 billion.
In 2011, Baldor was acquired by ABB Ltd of Switzerland in an all-cash deal of US$4.2 billion ($1.1 billion debt included). The company continues to operate as Baldor Electric Company A Member of the ABB Group.
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