Regal Beloit completes Hwada acquisition in Q2 2008

Regal Beloit completed the acquisition of Hwada during the second quarter of 2008. The acquired business contributed $131.8 million in sales along with four other acquisitions from late 2007, and Hwada's results for two months were neutral to earnings due to purchase accounting impacts.

“Included in reported sales are $131.8 million of sales from the four acquisitions completed late in 2007 and the Hwada acquisition completed during the second quarter of 2008.”

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