BELOIT – On
Friday, Regal Beloit Corporation announced it acquired Hy-Bon
Engineering Company, Inc., a leader in vapor recovery solutions
for oil and gas applications.
“We’re very excited to welcome Hy-Bon to the Regal family. With
revenues of approximately $57 million, Hy-Bon will be a nice
strategic addition to our existing Unico business, allowing us
to further grow both businesses with a stronger combined sales
and service infrastructure,” Chairman and CEO Mark Gliebe said
in a statement.
It’s anticipated that this year and 2015, Hy-Bon will accretive
to earnings per share by $0.03 to $0.06 and $0.08 to $0.12,
respectively, according to the announcement.
Management will discuss the Hy-Bon acquisition during a
conference call Tuesday on the fourth quarter and full year 2013
Regal Beloit is a manufacturer of electric motors headquartered
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