Majority stake Announced Apr 2006 Verified
Regal-Beloit to Acquire Sinya Assets in China
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Summary
Regal-Beloit Corporation announced a definitive agreement to acquire the assets of Changzhou Sinya Electromotor Co. Ltd., Jiangsu Southern Sinya Electric Co. Ltd., and Changzhou Xiesheng Plastic Co. Ltd. (collectively 'Sinya'), located in Changzhou, China. The acquired operations will primarily produce electric motors for the HVAC industry.