BELOIT, Wis. — Regal Beloit Corporation announced it has completed the merger with Rexnord Process and Motion Control (PMC) to become Regal Rexnord Corporation.
The new company will be comprised of four distinct business segments: Motion Control Solutions, Climate Solutions, Commercial Systems, and Industrial Systems.
“For over 125 years, Regal has consistently provided our customers with reliable, high quality powertrain products and solutions,” said Louis Pinkham, CEO of Regal Rexnord. “Now, with the addition of Rexnord PMC, we are taking a tremendous positive step forward in Regal’s ongoing transformation, positioning the new Regal Rexnord company to create significant value for all our customers. We will provide more robust industrial powertrain solutions — comprised of our motors and critical power transmission components — to enable a range of efficiency and productivity gains for our customers. By providing more energy-efficient solutions, developed with greater intention, especially when it comes to leveraging voice of the customer, Regal Rexnord is also now in a better position to fulfill our business purpose: creating a better tomorrow by energy-efficiently converting power into motion.”