Mergers and Acquisitions

Sheboygan Falls mutual insurer acquired by Pennsylvania carrier, Bucyrus acquires Czech firm

Sheboygan Falls mutual insurer acquired by Pennsylvania carrier
Donegal Group Inc., a Pennsylvania-based property and casualty insurance holding company, recently acquired all of the outstanding capital for the Sheboygan Falls Mutual Insurance Company for about $12 million.

Sheboygan Falls Mutual underwrites auto, home, fire and umbrella policies in Wisconsin, as well as commercial packages including fire, general liability and workers’ compensation. Officials with Sheboygan Falls Mutual were unavailable for comment or further information.

The subsidiaries of Donegal Group offer personal and commercial lines of insurance to customers in the mid-Atlantic, southeastern and Midwestern regions.

Bucyrus acquires Czech firm
South Milwaukee-based Bucyrus International Inc. has completed its acquisition of OKD, Bastro a.s., an engineering services and manufacturing support company located in the Czech Republic.

Bastro’s primary capabilities will support Bucyrus International’s long-term strategic initiatives in the region. The price of the acquisition was not disclosed.

Bastro was acquired from OKD, a.s., which is a wholly owned subsidiary of New World Resources N.V., Central Europe’s leading hard coal producer. Bastro will continue to supply mining equipment support and engineering services to OKD., said,

"This acquisition is in-line with our goal for adding support of strategic initiatives in key regional areas," said Tim Sullivan, president and chief executive officer of Bucyrus. "We are pleased that we have been able to add Bastro in support of our underground equipment segment in Europe."

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