HVAC Breaking News

April 25, 2006: Regal-Beloit to Acquire China Motor Manufacturer

April 25, 2006
/ Print / Reprints /
/ Text Size+
BELOIT, Wis. - Regal-Beloit Corp. announced that the company has entered into a definitive agreement to acquire the assets of Changzhou Sinya Electromotor Co. Ltd., Jiangsu Southern Sinya Electric Co. Ltd., and Changzhou Xiesheng Plastic Co. Ltd. (collectively Sinya). Sinya operations are located in Changzhou, China, and will primarily produce electric motors for the HVAC industry. Completion of the acquisition is subject to the fulfillment of certain conditions prior to closing. The purchase price was not disclosed.

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

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

2014 MCAA Annual Convention

Scenes from the 2014 MCAA Annual Convention in Scottsdale, Ariz.


Kyle Gargaro, editor-in-chief of The NEWS, hosted the 2014 ACCA CEO Forum. At the event, six well-known, highly respected company executives, Gary Michel, Ingersoll Rand/Trane; Chris Nelson, Carrier Corp.; Chris Peel, Rheem Mfg. Co.; Rod Rushing, Johnson Controls; Brent Schroeder, Emerson Climate Technologies; and Doug Young, Lennox; provided individual industry outlooks and fielded questions directly from attending contractors. Listen to the entire event on the NEWSMakers podcast. Posted on April 14.

More Podcasts



NEWS 04-14-14 cover

2014 April 14

Check out the weekly edition of The NEWS today!

Table Of Contents Subscribe


Which statement on service calls best applies to your business?
View Results Poll Archive


2014 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