Majority stake Announced Jul 2007 Closed Aug 2007 Verified
Regal Beloit Completes Acquisition of Fasco Businesses from Tecumseh
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Summary
Regal Beloit Corporation completed the acquisition of the Fasco Residential & Commercial and Asia/Pacific electric motor and blower businesses from Tecumseh Products Company for approximately $220 million in cash. The acquired businesses manufacture HVAC components including motors and blower systems.