After working diligently over the last 8 months, the merger of Regal and the Rexnord Process & Motion Control (PMC) business is now complete.
Regal Beloit Corporation, a global leader in the engineering and manufacturing of electric motors and controls, power generation products and power transmission components, has announced it has completed the merger with Rexnord Process and Motion Control (PMC) to become Regal Rexnord Corporation (NYSE: RRX).
The company’s new name signifies bringing together the complementary strengths of two strong businesses and highlights their now common future as a leader in the engineering and manufacturing of power transmission solutions and high-efficiency electric motors and systems.
The new company will be comprised of four distinct business segments: Motion Control Solutions, Climate Solutions, Commercial Systems and Industrial Systems. Together, these enable air moving and HVAC solutions that keep people comfortable; agricultural and foodservice equipment that keeps the world fed; mining and manufacturing operations that keep the world moving; and conveying solutions that help keep e-commerce flowing.