Majority stake · Closed Sep 2007
Regal Beloit acquires Jakel and completes Fasco acquisition
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Figures marked reported are drawn from a single or secondary source and are not independently confirmed. All figures are presented as reported, see Methodology.
Summary
Regal Beloit Corp. acquired Jakel Inc. and completed its previously announced acquisition of the Fasco Residential/Commercial and Fasco Asia/Pacific operations from Tecumseh Products. Both make motors and blowers for HVAC and related applications. Fasco purchase price was approximately $220 million, financed via a private debt placement; the Jakel price was undisclosed.