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Regal Beloit Acquires GE Motor and Capacitator Operations

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April 16, 2004—

Regal Beloit Corp. announced a definitive agreement with GE Consumer and Industrial for their HVAC/Refrigeration Motor and Capacitator Operations.

According to the company's press release, the $379 million transaction includes a full line of motors for HVAC refrigeration operations and high intensity lighting operations.

HVAC operations are currently based in Fort Wayne, IN, and are included in the sale as are motor manufacturing operations in Springfield, MI; Reynosa, Mexico and Faridibad, India, a capacitor manufacturing facility in Juaraxc, Mexico and a call center in India.

As a result of this transaction, Regal Beloit expects an additional $520 million in sales.

Headquartered in Beloit, WI, Regal Beloit manufactures mechanical and electrical motion control and power generation products.