Regal Beloit Corp., Beloit, WI, has agreed to sell its engineered drives and control systems business to an affiliate of Sun Capital Partners Inc. The business is expected to generate $131 million in revenues this year and has 450 employees around the world, said a Regal Beloit release.
The business consists of two groups. The engineered drives business, founded in 1967, develops and manufactures variable frequency drive systems and other motor control solutions, with a focus on application-specific, highly engineered products. The control systems business, founded in 1983, designs and assembles an extensive line of low and medium voltage starters, variable frequency drive systems and other motor control products serving critical applications within harsh environments.