Regal Beloit acquires Jakel and completes Fasco acquisition

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.

“Regal Beloit Corp. announced that the company has acquired Jakel Inc. and completed the previously announced acquisition of the Fasco Residential/Commercial and Fasco Asia/Pacific operations from Tecumseh Products Co.”

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