Regal Beloit Corporation is a Wisconsin-based global leader in engineering and production of electric motor components, transmission parts, and power generation products. Regal recently announced it has successfully merged with Rexnord Process and Motion Control (PMC) to now become Regal Rexnord Corporation (NYSE: RRX). Regal Rexnord Corporation will be comprised of four business segments, focusing on commercial and industrial systems, along with motion control solutions and climate solutions. The goal of this merger is to keep servicing an array of sectors such as HVAC, agriculture, mining operations, and conveying solutions for e-commerce companies. The merger also comes at a critical time, with global supply chain issues rising and many companies facing little ability to move goods. As a combined company, Regal will be able to leverage its existing manufacturing facilities to help "increase reliability, quality, response time and product availability."
Quazar was not involved in this transaction.
Read more here: https://www.inddist.com/mergers-acquisitions/news/21759502/regal-completes-merger-with-rexnord-pmc
