Regal Beloit to acquire Unico Inc., calling it start of an adjacent platform

Regal Beloit signed an agreement to acquire drives and controls manufacturer Unico Inc. ($61.7M FY2010 sales), with its CEO describing the deal as the start of a new adjacent platform built on Unico's leadership team.

“Investors should view this acquisition as the start of an adjacent platform. Unico has experienced great organic growth and built a platform for dynamic future growth. They have an incredibly talented leadership team that will create the nucleus of this new platform for Regal Beloit.”

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