Regal Beloit Announces Acquisition of RAM Motor Business
BELOIT, Wis., Feb. 8, 2013
BELOIT, Wis., Feb. 8, 2013 /PRNewswire/ -- Regal Beloit Corporation (NYSE:
RBC) today announced it has completed the acquisition of the RAM motor
business previously owned by Schneider Electric. This business manufactures
hermetic motors from 250 hp to 2,500 hp for commercial HVAC applications.
For fiscal 2013, the Ram acquisition is expected to deliver up to $20 million
of net revenue with earnings offset by purchase accounting adjustment costs.
In 2014, the business is expected to contribute approximately $0.03 of diluted
earnings per share. The results will be included in the Electrical segment.
"The RAM business will strengthen our commercial hermetic motor business with
complementary products," commented Mark Gliebe, chairman and CEO.
"Additionally, RAM has the facilities and capabilities to test and modify
larger commercial hermetic motors which will allow us to improve our service
and responsiveness to our North American Hermetic motor customers. We
welcome the RAM employees and we are excited to have them join the Regal
Regal Beloit Corporation is a leading manufacturer of electric motors,
mechanical and electrical motion controls and power generation products
serving markets throughout the world. Regal Beloit is headquartered in
Beloit, Wisconsin, and has manufacturing, sales and service facilities
throughout the United States, Canada, Mexico, Europe and Asia. Regal Beloit's
common stock is a component of the S&P Mid Cap 400 Index and the Russell 2000
SOURCE Regal Beloit Corporation
Contact: John Perino, VP Investor Relations, +1-608-361-7501,
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