Regal Beloit Corp, a manufacturer of electric motors and controls, power generation devices and power transmission components, will merge with Rexnord Process and Motion Control (PMC) to become Regal Rexnord Corporation (NYSE: RRX).
The company’s new name highlights the firm’s hopeful future as a leader in designing and making power transmission devices and efficient electric motors.
The new company will have four business segments: motion control solutions, climate solutions, commercial systems and industrial systems.
Regal Rexnord will sell customers (IIoT) devices and components that make use of Regal’s Perceptiv and Rexnord’s DiRXN platforms. The company will also make good use of its factories on five continents.
“For over 125 years, Regal has provided customers with reliable, high quality powertrain products, says Louis Pinkham, CEO of Regal Rexnord. “With the addition of Rexnord PMC, we are moving forward in Regal’s ongoing transformation, positioning a new Regal Rexnord company to create value for customers. We will provide more robust industrial powertrains comprised of our motors and critical power transmission components to provide customers with a range of efficiency and productivity gains.”
The merger will create a company that serves industrial-powertrain customers, and it will market brands from Regal and Rexnord PMC, including Regal’s Browning, Grove Gear, Hub City, Jaure, Kop-Flex, McGill, ModSort, Sealmaster and System Plast brands, as well as PMC’s Berg, Cambridge, Centa, Falk, Rexnord and Stearns brands.