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Deal closed Aug 2021 · Beloit, Wisconsin Verified

Regal Beloit and Rexnord PMC Merger Leadership Appointments

Regal Beloit announced leadership appointments contingent on the closing of its planned merger with Rexnord's Process & Motion Control segment. Kevin J. Zaba, currently President of PMC, will lead the new Motion Control Solutions segment, and Jerry Morton will oversee integration. The appointments signal the deal is progressing toward close.

“Regal Beloit Corporation (NYSE: RBC), a global leader in the engineering and manufacturing of power transmission solutions and high-efficiency electric motors and systems, today announced that contingent on closing its planned merger with Rexnord Corporation’s Process & Motion Control segment (“PMC”), Regal’s power transmission business, which will be comprised of its current Power Transmission Solutions segment (“PTS”) and PMC, will be re-named Motion Control Solutions (“MCS”).”

Entities

Regal Beloit Corp. · Acquirer Rexnord Corporation · Target
Other Sentiment: Positive

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