April 25, 2006: Regal-Beloit to Acquire China Motor Manufacturer
Henry W. Knueppel, CEO of Regal-Beloit, commented, "This acquisition is a demonstration of our commitment to expand our commercial presence in high growth markets, to continue to support our global customer base, and to continue to expand our global manufacturing footprint."
This acquisition results in the second wholly owned China-based company for Regal-Beloit. The business reported sales of $38.7 million and net income of $2.7 million for 2005.
For more information, visit www.regal-beloit.com.
Publication date: 04/24/2006