Regal-Beloit Sells Cutting Tools Business Assets

Regal-Beloit sold substantially all of the assets of its Cutting Tools business in May 2006, which reduced Mechanical segment sales by approximately $4.3 million for the fourth quarter.

“the sale of substantially all of the assets of the Cutting Tools business in May 2006 reduced segment sales by approximately $4.3 million or 8.3% for the quarter.”

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