Beloit completes acquisition of European manufacturer
Special to The
Nov. 19, 2013
BELOIT – Regal Beloit Corporation
announced Tuesday it has completed the acquisition of European
manufacturer Cemp, s.r.l., which makes hazardous duty motors
primarily for oil and gas and marine applications.
“For 2014 and 2015, Cemp is anticipated to be accretive to
earnings per share by $0.03 to $0.05 and $0.06 to $0.08,
respectively,” according to a company statement.
Regal Beloit Corporation, headquartered in Beloit, is a
manufacturer of electric motors, mechanical and electrical
motion controls and power generation products serving markets
throughout the world.