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Regal and Rexnord create $3.7bn power transmission business - Drives and Controls Magazine

Regal and Rexnord create a power transmission giant 17 February, 2021 The US-based mechanical power transmission supplier Rexnord is merging its process and motion control (PMC) business with that of its larger rival Regal Beloit to create a new business that will adopt the Rexnord name and is expected to generate sales worth $4.5bn in 2022. The deal will take the form of a tax-free transaction known as a Reverse Morris Trust, in which Rexnord will spin off the PMC business and merge it simult...
United States Hub City Todd Adams Louis Pinkham Regal Beloit Reverse Morris Trust

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