Regal-Beloit to Acquire GE's Commercial AC Motor Business

Regal-Beloit Corp. and General Electric Co. signed a definitive agreement for Regal-Beloit to acquire GE's commercial AC motor business, which includes motors for commercial HVAC applications. The transaction is expected to close in September 2004 pending regulatory clearance and will add approximately $130 million in sales to Regal-Beloit.

“Regal-Beloit Corp. and the General Electric Co. announced that they have signed a definitive agreement for Regal-Beloit to acquire GE's commercial AC motor business.”

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