Beloit, Wis., Jan. 8, 2019 /PRNewswire/ -- Regal Beloit Corporation (NYSE: RBC) today announced the closing of the sale of its highly engineered drives and control systems business (described for purposes of the sale as "Regal Drive Technologies") to an affiliate of Sun Capital Partners, Inc., effective January 7, 2019.
Information regarding the transaction and the financial impact will be provided on Regal's upcoming quarterly earnings conference call.
About the Company
Regal Beloit Corporation (NYSE: RBC) is a leading manufacturer of electric motors, electrical motion controls, power generation and power transmission products serving customers throughout the world. We create a better tomorrow by developing and responsibly producing energy-efficient products and systems.
Our company is comprised of three operating segments: Commercial and Industrial Systems, Climate Solutions and Power Transmission Solutions. Regal is headquartered in Beloit, Wisconsin and has manufacturing, sales and service facilities worldwide. For more information, visit RegalBeloit.com.
Source Regal Beloit Corporation