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Regal Beloit Corporation announced the closing of its previously announced acquisition of Unico Inc. Headquartered in Franksville, Wis., Unico manufactures a full range of AC and DC drives, motor controllers, and other accessories ideally suited for most industrial and commercial applications. Unico has developed proprietary technology in the fields of oil and gas recovery, commercial HVAC, test stand automation and other developing applications.
Regal Beloit Corporation is a leading manufacturer of mechanical and electrical motion control and power generation products serving markets throughout the world. Regal Beloit is headquartered in Beloit, Wis., 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.