Regal-Beloit To Buy GE’s Commercial AC Motor Business

Regal-Beloit Corp., Beloit, Wis., and the General Electric Co., Fairfield, Conn., 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.”