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September 4, 2007

Regal Beloit Buys HVAC Supplier Jakel Inc.

Regal Beloit Corporation, Beloit, WI, has acquired Jakel Inc. and completed the announced $220 million acquisition of the FASCO Residential/Commercial and FASCO Asia/Pacific operations from Tecumseh Products.
 
Both of the acquired businesses manufacture and market motors and blower systems for air-moving applications including alternative fuels systems, water heaters, HVAC systems and other commercial segments. The two independent businesses will be combined and operate as a single unit as part of the Company’s Electrical Segment.
 
The acquired businesses are anticipated to add approximately $355 million in sales to 2008.
 
The six facilities included with the acquisitions are FASCO’S manufacturing and distribution facilities in Eldon and Cassville, Missouri, Piedras Negras, Mexico, Bangkok, Thailand and Melbourne, Australia and Jakel’s manufacturing facility in Piedras Negras, Mexico.
 
Regal Beloit is a manufacturer of branded mechanical and electrical motion control and power generation products.

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