Regal Beloit and Rexnord PMC Merger Update

Regal Beloit provided an update on its pending merger with Rexnord's Process & Motion Control (PMC) business. The transaction is on track to close in the second half of 2021, all required regulatory approvals have been received, and a special shareholder meeting is scheduled for September 1, 2021. The combined entity is expected to generate over $1 billion in pro forma adjusted EBITDA in 2022.

“Closing is On Track for the Second Half of 2021 · All Required Regulatory Approvals Received · Special Meeting of Shareholders Scheduled for September 1, 2021 · Raising Expected 2022 Pro Forma Adjusted EBITDA to Greater Than $1.0 Billion and Reiterating Adjusted EBITDA Margin of ~ 21%”

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