Regal-Beloit to Acquire Sinya Assets in China

Regal-Beloit Corporation 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'), located in Changzhou, China. The acquired operations will primarily produce electric motors for the HVAC industry.

“REGAL-BELOIT CORPORATION (NYSE:RBC) today announced 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”). Sinya operations are located in Changzhou, China and will primarily produce electric motors for the HVAC industry.”

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