Regal Beloit Sells Mastergear Business

Regal Beloit closed on the sale of its Mastergear business during the second quarter of 2016. The divestiture resulted in an $11.6 million gain on disposal and removed approximately $22 million in annual sales and $4 million in annual operating profit.

“Closed on the Sale of Mastergear”

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.