Regal Beloit acquires Milwaukee Gear
Regal Beloit Corporation has acquired Milwaukee Gear Company, a manufacturer of engineered gearing components.
The cash transaction was valued at $80 million.
"Milwaukee Gear is a very well managed business with an excellent reputation resulting from its application engineering excellence and its high precision manufacturing processes," said Mark Gliebe, chairman and chief executive officer of Regal Beloit Corporation. "The business will be a great fit within our Mechanical segment, allowing us to offer customers a larger range of gearing solutions while diversifying our end markets."
Milwaukee Gear's products are used in oil and gas applications as well as a wide variety of other commercial and industrial applications.
INDUSTRIAL SUPPLY MAGAZINE
The May/June issue of Industrial Supply magazine features an in-depth cover story about GHX Industrial. Plus, we're featuring articles by contributing writers Dr. Bharani Nagarathnam and Frank Hurtte, as well as interviews with numerous product and distribution industry experts.
