Regal Beloit buys Morrill Motors

by Industrial Distribution staff -- Industrial Distribution, 10/15/2007 9:29:00 AM

Regal Beloit Corp. has purchased Morrill Motors, Regal said in a statement. The price of the acquisition was not disclosed.

Based in Erwin, Tenn., Morrill Motors is a manufacturer of fractional horsepower motors and components sold primarily to commercial refrigeration and freezer markets.

Regal expects the deal to add approximately $8 million to fourth quarter sales and approximately $42 million in sales to its 2008 projections.

The acquisition includes Morrill's wholly-owned subsidiary in Jiaxing, China, which will expand Regal's manufacturing operations there.

''The business is a great addition to our portfolio of energy efficient system solutions for our customers. This acquisition will further expand our global manufacturing and commercial capabilities,'' Henry Knueppel, chairman and CEO of Regal Beloit, said in a statement.

Talkback

We would love your feedback!

Post a comment

» VIEW ALL TALKBACK THREADS

Related Content

• Topics
• Author

Related Content

• Valley National Gases buys N.H. Bragg’s gas & welding business
  
• Manufacturers, distributors need to heed warning signs
  
• Trelleborg to buy Italian seals manufacturer
  
• Husqvarna buys Sandvik’s diamond tools business
  
• Jackson Safety subsidiary to buy stake in Chinese manufacturer
  

By This Author

• WEB EXCLUSIVE: Lawsuit against Grainger says distributor violated false claims and trade acts
• HD Supply cuts jobs, closes branches in Georgia, Tennessee
• Tech Fair draws strong crowd
• Tom Reilly to offer “Train the Trainer” seminars for STAFDA members
• Construction market highlights industry speeches
• » MORE

Sponsored Links