Regal-Beloit Sells Cutting Tools Business

Regal-Beloit sold its Cutting Tools business in May 2006, which reduced Mechanical Segment sales by approximately $4.0 million combined with a prior divestiture.

“Sales in the mechanical segment were impacted by the May 2006 sale of the Cutting Tools business and the May 2005 sale of the Illinois Gear business that, on a combined basis, reduced sales by approximately $4.0 million, from the comparable period of 2005.”

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