Regal Beloit Signs Agreement to Acquire Unico, Inc.

Regal Beloit Corporation announced it has signed an agreement to acquire Unico, Inc., a manufacturer of AC and DC drives and motor controllers. The transaction is expected to close by year-end 2010 and be accretive to earnings in 2011. Regal Beloit views Unico as the start of an adjacent platform.

“The company also announced today that it has signed an agreement to acquire Unico, Inc., headquartered in Franksville, Wisconsin.”

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.