| Type | Public |
|---|---|
| Traded as | NYSE: RBC |
| Industry | Electric Motors & Controls, Tools |
| Founded | 1955 |
| Headquarters | Beloit, Wisconsin, USA |
| Key people | Henry Knueppel, Chairman & CEO |
| Products | Electric HVAC Motors Electrical generators AC Motors DC Motors Capacitors Electrical Connecting Devices Gears Gear Boxes Marine Transmissions Cutting tools Automotive Transmissions Automotive Ring and Pinions |
| Revenue | $2,246.2 million USD (2009) |
| Operating income | $159.5 million USD (2009) |
| Employees | ~13,000 |
| Subsidiaries | GE Commercial Motors Marathon Electric LEESON Thomson Technology Durst Lincoln Motors Mastergear Morrill Motors CMG Engineering Group |
| Website | www.regal-beloit.com |
Regal Beloit Corporation (sometimes Regal-Beloit), headquartered in Beloit, Wisconsin, is one of the largest manufacturers of electric motors in the world. Its Genteq brand brushless DC electric motors are found in almost all variable-speed residential HVAC equipment in the United States today, and its GE Commercial Motors, Leeson, and Marathon motor brands are used throughout the industrial sector.
The company has manufacturing, sales, and service facilities throughout the United States, Canada, Mexico, Europe and Asia employing over 13,000 people. As of 2009, the company is ranked 833rd on the Fortune 1000, and is the 24th largest corporation in Wisconsin.[1]
The company was founded in 1955 as Beloit Tool Corporation, and began operations in a converted roller rink. In 1961, it moved to facilities in South Beloit, Illinois, and changed its name to Regal Beloit in 1969. In the 1980s the company expanded its product line by a series of acquisitions of smaller companies, and in 1991 its headquarters were moved to downtown Beloit. In 2004, two acquisitions from General Electric effectively doubled the size of the company.
In July 2007, Regal Beloit acquired the Fasco electrical components business of Tecumseh Products for $220 million in cash.[2] In April 2010, Regal Beloit acquired CMG Engineering Group, a manufacturer of industrial motors, blowers and metal products for $75 million in cash.[3]