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Market commentary Jul 2021 Verified

Regal Beloit CEO Comments on Merger Synergies

CEO Louis Pinkham expressed enthusiasm about the upcoming merger with Rexnord PMC, highlighting best-in-class cost synergies and cross-marketing opportunities. He noted that the combined business will leverage capabilities across the Industrial Powertrain and deliver energy-efficient solutions.

“I am highly enthusiastic about our upcoming merger with Rexnord PMC, which is on track to close in the second half of 2021, having now received all required regulatory approvals.”

Entities

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

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