BELOIT, Wis., April 10, 2018 /PRNewswire/ -- Regal Beloit
Corporation (NYSE: RBC) today announced the closing of the
acquisition of Nicotra Gebhardt S.p.A. effective April 10, 2018. Information regarding the
transaction and the financial impact on 2018 guidance will be
provided on Regal's upcoming first quarter earnings conference
call.
Nicotra Gebhardt S.p.A. is a leader in critical,
energy-efficient systems for ventilation and air quality. The
business manufactures, sells and services fans and blowers under
the brand of Nicotra Gebhardt. The business of Industrie CBI
S.p.A. was not included in the scope of this transaction.
About the Company
Regal Beloit Corporation (NYSE: RBC) is a leading manufacturer
of electric motors, electrical motion controls, power generation
and power transmission products serving markets throughout the
world. The company is comprised of three business
segments: Commercial and Industrial Systems, Climate Solutions
and Power Transmission Solutions. Regal is headquartered in
Beloit, Wisconsin, and has
manufacturing, sales and service facilities throughout the United States, Canada, Mexico, Europe and Asia. For more information,
visit RegalBeloit.com.
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SOURCE Regal Beloit Corporation