Company CEO: Purchase will strengthen Regal Beloit's global footprint.
Day: December 15, 2014
Bain Capital to pay $647.8 million in deal that will close early next year.
Contrast to become a wholly owned subsidiary of Midway.
Acquisition will expand Ohio Transmission's geographical reach.
Company also names Cifford senior vice president, supply chain management.
Acquisition will help Distribution International continue to grow.