Home Home > Investors > IR News > Press Release Details
Home Home  >  Investors  >  IR News  >  Press Release Details

News Release Details

Regal Beloit Announces Acquisition of Milwaukee Gear Company

February 3, 2012

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.


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

# # #

Corporate Offices
200 State Street ● Beloit, WI 535116254 
● Fax: 6083648818 
Website: www.regalbeloit.com