Regal Beloit Completes EPC and Milwaukee Gear Acquisitions

Regal Beloit funded the EPC and Milwaukee Gear acquisitions with additional borrowings, which increased interest expense. The company is restructuring plants to achieve synergy savings from the EPC acquisition.

“Interest expense increased $6.4 million as compared to second quarter 2011 primarily as a result of additional borrowings to fund the EPC and Milwaukee Gear acquisitions.”

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