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UPDATE 1-Emerson to sell power transmission business to Regal Beloit

2014-12-16 06:05:00| Industrial Machines - Topix.net

Emerson Electric Co said it would sell its power transmission unit to Regal Beloit Corp, a maker of electric motors, for $1.44 billion as it streamlines its business. Regal Beloit was competing with ball bearings maker Timken Co, brake and clutch maker Altra Industrial Motion and private equity firms Warburg Pincus LLC and Onex Corp for the business.

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Category:Industrial Goods and Services

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