BHA bought by GE

BHA bought by GE
Published: 02 June 2004

General Electric Co’s GE Energy division agreed to acquire BHA Group Holdings Inc., a provider of air-quality control products, for about $260 million. The $38-a-share acquisition is designed to broaden GE Energy’s offerings in renewable and clean energy production, the companies said. BHA, of Kansas City, Mo., has operations in 11 countries and makes filters, emission-control devices and other industrial air-pollution control equipment used at asphalt plants, hazardous-waste incinerators and cement kilns. BHA’s shares rose $5.13, or 16%, to $37.72 as of 4 p.m. on the Nasdaq Stock Market. GE Energy is in Atlanta, while its parent company is a conglomerate in Fairfield, Conn.