Regal To Combine With Rexnord's PMC Segment, Creating World-Class Power Transmission Provider

PRNewswire

Feb 16, 2021

- Combines complementary best-in-class power transmission portfolios to deliver more complete drive train solutions for customers

- Re-balances Regal portfolio between Power Transmission (47% of pro forma sales), Motors (38%), and Niche/Specialty Products (15%)

- Increases end market and geographic diversity

- Accelerates R&D and new product development; enhances digital service and IIOT capabilities

- Creates compelling value for shareholders with attractive financial returns and new growth opportunities

- Anticipated annualized cost synergies of $120 million by year three, significant revenue cross-marketing opportunities and a strong balance sheet

- Unites aligned cultures with deep commitment to 80/20 and LEAN principles

PR Newswire

BELOIT, Wis. and MILWAUKEE, Feb. 16, 2021

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