Regal Beloit Corporation (NYSE:RBC) announced the closing of the acquisition of the Electrical Products Company (EPC) from A.O. Smith Corporation (NYSE:AOS). The China portion of the EPC acquisition was closed into escrow pending customary administrative approvals in China which are expected shortly.
Regal Beloit Corporation, together with its subsidiaries, manufactures and sells electric motors and controls, electric generators and controls, and mechanical motion control products primarily in the United States and Asia. The company operates in two segments, Electrical and Mechanical.
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August 27th, 2011 at 03:52 pm