hvacrollups.com
← All signals
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”

Entities

Other Sentiment: Neutral

Signals are extracted from public coverage and print archives and pinned to a verbatim quote, presented as reported by their sources; naming a company in a signal is not an accusation against it. The verified mark denotes a high-confidence, corroborated signal. See our methodology and legal notes.