Latest Beloit, Wisconsin Stories

BELOIT, Wis., Aug. 22, 2011 /PRNewswire/ -- Regal Beloit Corporation (NYSE: RBC) today announced the closing of the acquisition of the Electrical Products Company (EPC) from A.O. Smith Corporation (NYSE: AOS). The China portion of the EPC acquisition was closed into escrow pending customary administrative approvals in China which are expected shortly. Regal Beloit will hold a conference call providing updated information on the EPC acquisition at 9:00 AM CDT (10:00 AM EDT) on...

MILWAUKEE, Aug. 22, 2011 /PRNewswire-FirstCall/ -- A. O. Smith Corporation (NYSE: AOS) today announced the closing of the sale of its electric motor business to Regal Beloit Corporation (NYSE: RBC). The companies completed the North American portion of the transaction today. The portion involving A. O. Smith's electric motor operations in China was closed into escrow pending administrative approvals, which are expected shortly. A. O. Smith Corporation, with headquarters in Milwaukee,...

BELOIT, Wis., Aug. 17, 2011 /PRNewswire/ -- Regal Beloit Corporation (NYSE: RBC) today announced that it has entered into an agreement with the U.S. Department of Justice which clears the way for the proposed acquisition of A. O. Smith's Electrical Products Company ("EPC"). Subject to receipt of final court approval, RBC anticipates closing the transaction on or before August 22, 2011. As part of the agreement with the Department of Justice, RBC has entered into an agreement with a third...

MILWAUKEE, Aug. 17, 2011 /PRNewswire-FirstCall/ -- A. O. Smith Corporation (NYSE: AOS) and Regal Beloit Corporation (NYSE: RBC) have reached a final agreement with the Antitrust Division of the U.S. Department of Justice in connection with the government's approval of A. O. Smith's sale of its electric motor business to Regal Beloit. Subject to receipt of final court approval, the Company anticipates closing the transaction on or about Aug. 22. "This is a critical step in completing the...

BELOIT, Wis., Aug. 5, 2011 /PRNewswire/ -- Regal Beloit Corporation (NYSE: RBC) will be presenting at the Jefferies 2011 Global Industrial and A&D Conference in New York, on August 10, 2011 at 2:30pm ET. The presentation will be web-cast and can be accessed at:http://wsw.com/webcast/jeff57/rbc. An archive of the audio web-cast will be available for 90 days following the presentation at the link referenced above or on the Company's investor relations home page at:...

BELOIT, Wis., Aug. 4, 2011 /PRNewswire/ -- Regal Beloit Corporation (NYSE: RBC) today reported financial results for the second quarter ended July 2, 2011. Net sales of $681.8 million increased 16.7% compared to $584.2 million for the second quarter of 2010. Diluted earnings per share were $0.88 compared to $1.07 for the second quarter of 2010. The decrease was primarily driven by the previously announced incremental warranty expense of $28.0 million (or $0.44 diluted earnings per...

BELOIT, Wis., Aug. 2, 2011 /PRNewswire/ -- Regal Beloit Corporation (NYSE:RBC) announced today that it has detected a production flaw in certain standard motors produced in one of its facilities during a limited period in 2011. This abnormality, which has been corrected, could lead to early bearing failure in certain motors and does not present a safety concern. These motors are used in outdoor condensing units for air conditioners and heat pumps. The Company believes that approximately...

BELOIT, Wis., July 29, 2011 /PRNewswire/ -- Mark J. Gliebe, President and Chief Executive Officer of Regal Beloit Corporation (NYSE: RBC), announced that the Board of Directors, at the regular quarterly meeting held on July 29, 2011, declared a dividend of $0.18 per share payable on October 14, 2011, to shareholders of record at the close of business on September 30, 2011. The dividend represents the 205th consecutive dividend declared by the Company. Regal Beloit Corporation is a leading...

BELOIT, Wis., July 25, 2011 /PRNewswire/ -- Regal Beloit Corporation (NYSE: RBC) announced today that it plans to release its second quarter 2011 financial results after the market closes on Thursday, August 4, 2011. At 9:00 AM CDT (10:00 AM EDT) on Friday, August 5, 2011, the Company will hold a conference call to discuss the earnings release. To listen to the call and view the presentation slides via the internet, please go to http://www.regalbeloit.com/ or at:...

BELOIT, Wis., July 18, 2011 /PRNewswire/ -- Fairbanks Morse Engine, an EnPro Industries (NYSE: NPO) company, is pleased to announce that Paul Roden has joined the company as Vice President, Washington Operations. In this new role he will represent the company in discussions with Congress and with shipyards, as well as customers in the Departments of Defense and Homeland Security. (Logo: http://photos.prnewswire.com/prnh/20110718/CL37113LOGO ) Mr. Roden joins Fairbanks Morse Engine from the...