A. O. Smith Concludes Sale of Electric Motor Business
23 8월 2011 - 5:05AM
PR Newswire (US)
MILWAUKEE, Aug. 22, 2011 /PRNewswire-FirstCall/ -- A. O.
Smith Corporation (NYSE: AOS) today announced the closing of the
sale of its electric motor business to Regal Beloit Corporation
(NYSE: RBC).
The companies completed the North American portion of the
transaction today. The portion involving A. O. Smith's electric motor operations in
China was closed into escrow
pending administrative approvals, which are expected shortly.
A. O. Smith Corporation, with headquarters in Milwaukee, Wis., is a global leader applying
innovative technology and energy-efficient solutions to products
marketed worldwide. The company is one of the world's leading
manufacturers of residential and commercial water heating
equipment, offering a comprehensive product line featuring the
best-known brands in North America
and China.
SOURCE A. O. Smith Corporation
Copyright 2011 PR Newswire
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