Regal Beloit

The company was founded in 1955 as Beloit Tool Corporation, and began operations in a converted roller rink. In 1961, it moved to facilities in South Beloit, Illinois, and in 1969 it changed its name to Regal Beloit. In the 1980s the company expanded its product line with a series of acquisitions of smaller companies, and in 1991 its headquarters were moved to downtown Beloit. One of Regal's acquisitions was Marathon Special Products, producing terminal blocks, power distribution blocks and fuseholders manufactured in Bowling Green, Ohio, with new products being added regularly in addition to the Kulka brand. In 2004, two acquisitions from General Electric effectively doubled the size of the company.[5]

In July 2007, Regal acquired the Fasco electrical components business of Tecumseh Products for $220 million in cash.[6]

In 2007, Regal Beloit corporation USA acquired Alstom India Motors and Fans business and named as Marathon Electric Motors India Limited.

In end of 2007, Regal acquired the Dutchi Motors B. V. for $34 million in cash and $3.2 million in net liabilities.[7]

In April 2010, the company acquired CMG Engineering Group, a manufacturer of industrial motors, blowers and metal products, for $75 million in cash.[8]

In 2011, the company completed the largest acquisition in its history by purchasing A.O. Smith's Electrical Products Company. This acquisition added about $700 million in sales revenues, and further expanded the company in Mexico and China, while adding new products to its production lines.

On 9 July 2013, Regal Beloit announced that its plant in Springfield, Missouri, would face a staged closing over the next 18 months in order to remain globally competitive.[9] On 5 June 2014, Regal Beloit announced that two plants in Kentucky would face a staged closing over the next 18 months in order to remain globally competitive. This move will affect over 200 employees.

Regal Beloit acquired Power Transmission Solutions business (PTS) from Emerson Electric Co. for approximately $1.4 billion — $1.4 billion in cash plus $40 million of assumed liabilities, effective from Jan 30th, 2015. The business manufactures, sells and services bearings, couplings, gearing, drive components, and conveyor systems under brands including Browning, Jaure, Kop-Flex, McGill, Morse, Rollway, Sealmaster and System Plast. With annual revenues of approximately $600 million, PTS has over 3,000 employees around the world. PTS will become part of Regal's newly defined Power Transmission segment.[10]

In 2019, Regal Beloit America announced it would be closing its Durst Power Transmission plant in Shopiere, WI. The closing starting on January 31, 2020, affected approximately 60 employees.[11]

Marathon Electric Kolkata started its journey as GEC UK, after the European Union was formed GEC of UK and Alsthom of France merged to form GEC Alsthom, then this Company became Alstom. In 2007, Regal Beloit Corporation of USA acquired Alstom India's Motor & Fan business and named as "Marathon Electric Motors India Limited".

Marathon Kolkata manufactures both LT induction & Large HT induction motors for domestic, commercial & Industrial segment. These motors are available as per industry requirement of safe area and hazardous area applications. Marathon also makes axial, propeller & centrifugal Industrial Fans.

Marathon Kolkata has three manufacturing facilities

• Paharpur works Kolkata for LT motors & Fan
• AEI works Kolkata for HT & Large LT motors
• Ahmedabad works for LT motors

Additionally Marathon India has 2 "global technology centers" one in Hyderabad and another in Pune and one manufacturing facility for FHP & LT motors located in Faridabad

Located in Hyderabad and Pune, GTCI is Engineering and Info Tech hub, where Engineering and IT teams operate in collaboration with worldwide Regal Beloit centres. Hyderabad GTCI Established in August 2005 & Pune GTCI in July 2015. These centres are global R & D support arm for the Regal Beloit Corporation...