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November 7, 2006

Baldor Electric Company, Fort Smith, AR, has agreed to acquire the Reliance Electric Company and affiliated companies of Rockwell Automation Inc., Milwaukee, WI, for $1.8 billion in cash and stock.

The Power Systems business, which markets its products under the Reliance Electric® and Dodge® brand names, complements Baldor’s business in industrial electric motors, drives and generators.

The acquisition adds about $1 billion in sales with wider margins that Baldor's, provides a manufacturing base in China for Asian markets, and extends Baldor's product line into power transmission products and larger motors.

Related Links:
Rockwell Automation to Sell Power Transmission, Industrial Motors Businesses

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