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Regal Beloit Completes RAM Motor Purchase

Saturday - 2/9/2013, 8:21pm  ET

On Friday, electric motor and generator manufacturer Regal Beloit announced that it has completed its purchase of France-based Schneider Electric's RAM motor business. 

Regal says it expects to generate $20 million in 2013 revenue from its new subsidiary, which manufactures hermetic motors for use in commercial HVAC. Profits should begin arriving next year, with Regal projecting that RAM will add $0.03 worth of profit per diluted share in 2014.

Regal shares reacted positively to the news, closing up 1% Friday at $54.81.

This article was originally published as Regal Beloit Completes RAM Motor Purchaseon Fool.com

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