GE sells AC motor business to Regal-Beloit
Beloit, WI -- Regal-Beloit Corp. has acquired General Electric Company's commercial AC motor business. GE's commerc...
Beloit, WI — Regal-Beloit Corp. has acquired General Electric Company’s commercial AC motor business. GE’s commercial AC motor business includes a full line of AC motors for pump, compressor, equipment and commercial HVAC applications.
“We are extremely excited about the addition of the GE Commercial AC motor business,” said James L. Packard, chief executive officer and chairman of Regal-Beloit. “This acquisition significantly improves our position in the industrial motor channel through new products, applications, and distribution. The business will add approximately $137 million in sales.
“Adding this new line of motors and capability to our already strong brands of Marathon, Lincoln, and Leeson will strengthen our position with our customers, and demonstrates our strong commitment to this industry,” said Packard.
Regal-Beloit also plans to acquire the heating, ventilation and air conditioning (HVAC)/Refrigeration motors and capacitors operations of GE, which includes a full line of motors for residential HVAC applications and capacitors for HVAC and high-intensity lighting applications.