Divestiture May 2019 Verified
Regal Beloit Divests Non-Core Marine Transmission Business
Regal Beloit divested its non-core Marine Transmission business within the Power Transmission Solutions (PTS) segment. The business had annual revenues of approximately $20 million and was part of the company's ongoing pruning strategy.
“Divested Business – Non-core Marine Transmission Business in the PTS Segment – Annual Revenues of ~$20 Million”
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Other Sentiment: Neutral
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