Regal-Beloit Corporation on May 1 announced that the company completed the previously announced acquisition of the assets of Changzhou Sinya Electromotor Co. Ltd., Jiangsu Southern Sinya Electric Co. Ltd. and Changzhou Xiesheng Plastic Co. Ltd. The business operations are located in Changzhou, China. The acquired operations primarily produce electric motors for the HVAC industry. Regal-Beloit expects the business to add approximately $30 million in sales and $.02 to $.03 on an earnings per share to the company's 2006 results.
Regal-Beloit is a leading manufacturer of mechanical and electrical motion control and power generation products serving markets throughout the world. Regal-Beloit is headquartered in Beloit, Wis., and has manufacturing, sales, and service facilities throughout North America, and in Mexico, Europe and Asia.
About the Author
