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Deal announced Apr 2006 · Changzhou, China Verified

Regal-Beloit to Acquire China Motor Manufacturer Sinya

Regal-Beloit Corp. announced a definitive agreement to acquire the assets of Changzhou Sinya Electromotor Co. Ltd., Jiangsu Southern Sinya Electric Co. Ltd., and Changzhou Xiesheng Plastic Co. Ltd. (collectively Sinya). The acquisition is aimed at expanding Regal-Beloit's global manufacturing footprint and commercial presence in high-growth markets, with Sinya primarily producing electric motors for the HVAC industry.

“Regal-Beloit Corp. announced that the company has entered into a definitive agreement to acquire the assets of Changzhou Sinya Electromotor Co. Ltd., Jiangsu Southern Sinya Electric Co. Ltd., and Changzhou Xiesheng Plastic Co. Ltd. (collectively Sinya).”

Entities

Regal Beloit Corp. · Acquirer Changzhou Sinya Electromotor Co. Ltd. · Target Changzhou Xiesheng Plastic Co. Ltd. · Target Jiangsu Southern Sinya Electric Co. Ltd. · Target
HVAC Sentiment: Positive
Source: www.achrnews.com

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