HVAC Breaking News

Sept. 13, 2004: Regal-Beloit To Acquire GE's Commercial AC Motor Business

BELOIT, Wis. - Regal-Beloit Corp. and the General Electric Co. announced that they have signed a definitive agreement for Regal-Beloit to acquire GE's commercial AC motor business. The transaction is expected to close in September, following the completion of customary regulatory clearance. GE's commercial AC motor business includes a full line of AC motors for pump, compressor, equipment, and commercial HVAC applications.

"We are extremely excited about the addition of the GE commercial AC motor business," said James L. Packard, chief executive officer and chairman of Regal-Beloit. "This acquisition significantly improves our position in the industrial motor channel through new products, applications, and distribution. The commercial AC business also provides us a significant manufacturing presence in Mexico and introduces us to outstanding technical resources in India. The business will add approximately $130 million in sales to the company and be financed through our existing credit facilities."

Lloyd Trotter, president and chief executive officer of GE Consumer & Industrial, said, "We're pleased that this transaction will align the commercial AC motors business with an organization that has both a core competency and a strategy for growth in the motors industry, and that will continue to deliver world-class technology for customers around the world."

Publication date: 09/13/2004

Did you enjoy this article? Click here to subscribe to The NEWS Magazine

You must login or register in order to post a comment.



Image Galleries

2015 ACCA Conference

Images from the 2015 ACCA Conference in Grapevine, Texas. Posted on April 8, 2015.


NEWSMakers: Mark Crockett
Mark Crockett vice president, Crockett Facilities Services, explains the importance of technician training, the value of being a top minority-owned company in the U.S., current projects the company is managing, and much more. Posted on April 24.
More Podcasts


NEWS 04-20-15 cover

2015 April 20

Check out the weekly edition of The NEWS today!

Table Of Contents Subscribe

Global Warming

Do you believe in man-made global warming?
View Results Poll Archive


2015 National Plumbing & HVAC Estimator

Every plumbing and HVAC estimator can use the cost estimates in this practical manual!

More Products

Clear Seas Research


Clear Seas ResearchWith access to over one million professionals and more than 60 industry-specific publications, Clear Seas Research offers relevant insights from those who know your industry best. Let us customize a market research solution that exceeds your marketing goals.


Magazine image
Register today for complete access to ACHRNews.com. Get full access to the latest features, Extra Edition, and more.


facebook icontwitter iconyoutube iconLinkedIn i con