February 3, 2012 (BELOIT, WI): Regal Beloit Corporation (NYSE: RBC) today announced
that it has acquired Milwaukee Gear Company, a Wisconsinbased leading manufacturer of
highly engineered gearing components for oil and gas applications as well as a wide variety of
other commercial and industrial applications.
The acquisition price was $80.0 million, subject to customary working capital adjustments, and
was paid in cash. Milwaukee Gear is expected to add approximately $60.0 million in revenue for
the remainder of fiscal 2012. The acquisition is expected to add $0.03 to $0.06 to diluted
earnings per share in 2012, including the impact of purchase accounting adjustments and
transaction costs, and $0.12 to $0.16 to diluted earnings per share in 2013. Results of operations
will be reported in the Mechanical segment.
“Milwaukee Gear is a very wellmanaged business with an excellent reputation resulting from its
application engineering excellence and its high precision manufacturing processes,” commented
Mr. Mark Gliebe, Chairman and Chief Executive Officer of Regal Beloit Corporation. “The
business will be a great fit within our Mechanical segment, allowing us to offer customers a
larger range of gearing solutions while diversifying our end markets,” continued Mr. Gliebe.
Additional details of the transaction will be provided during the previously announced fourth
quarter and fiscal year earnings conference call on Tuesday February 7, 2012 at 9:00 a.m.
Central time (10:00 a.m. Eastern time). To listen to the call and view the presentation slides via
the internet, please go http://www.regalbeloit.com/ or at:
http://www.videonewswire.com/event.asp?id=84548. Individuals who would like to participate
by phone should dial 8665243160, referencing Regal Beloit. International callers should dial
4123176760, referencing Regal Beloit.
Regal Beloit Corporation is a leading manufacturer of electric motors, mechanical and electrical
motion controls and power generation products serving markets throughout the world. Regal
Beloit is headquartered in Beloit, Wisconsin, and has manufacturing, sales, and service facilities
throughout the United States, Canada, Mexico, Europe and Asia. Regal Beloit’s common stock
is a component of the S&P Mid Cap 400 Index and the Russell 2000 Index.
CAUTIONARY STATEMENT
The following is a cautionary statement made under the Private Securities Litigation Reform Act
of 1995: With the exception of historical facts, the statements contained in this press release may
be forward looking statements. Forwardlooking statements represent our management’s
judgment regarding future events. In many cases, you can identify forwardlooking statements
by terminology such as “may,” “will,” “plan,” “expect,” “anticipate,” “estimate,” “believe,” or
“continue” or the negative of these terms or other similar words. Actual results and events could
differ materially and adversely from those contained in the forwardlooking statements due to a
number of factors, including: issues and costs arising from the integration of acquired companies
and businesses such as Milwaukee Gear Company, including the timing and impact of purchase
accounting adjustments; increases in our overall debt levels as a result of acquisitions or
otherwise and our ability to repay principal and interest on our outstanding debt; economic
changes in global markets where we do business, such as reduced demand for the products we
sell, currency exchange rates, inflation rates, interest rates, recession, foreign government
policies and other external factors that we cannot control; unanticipated liabilities of acquired
businesses; and other risks and uncertainties including but not limited to those described in
Item 1ARisk Factors of the Company’s Annual Report on Form 10K filed on March 2, 2011
and from time to time in our reports filed with U.S. Securities and Exchange Commission. All
subsequent written and oral forwardlooking statements attributable to us or to persons acting on
our behalf are expressly qualified in their entirety by the applicable cautionary statements. The
forwardlooking statements included in this presentation are made only as of their respective
dates, and we undertake no obligation to update these statements to reflect subsequent events or
circumstances
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Corporate Offices
200 State Street ● Beloit, WI 535116254
6083648808
● Fax: 6083648818
Website: www.regalbeloit.com