Posted June 13, 2011
Regal Beloit buys Australian fan company
Regal Beloit Corporation has acquired the Australian Fan and Motor Company headquartered in Melbourne, Australia.
AFMC manufactures and distributes a wide range of direct drive blowers, fan decks, axial fans and sub fractional motors for sales in Australia and New Zealand. For the remainder of 2011, the business is expected to add approximately $6.0 million to sales.
"We are excited to announce the acquisition of AFMC. AFMC combined with our Fasco Australia and CMG businesses allows us to offer a more complete solution to our South Pacific customers by combining high efficiency motors and blowers," said Mark J. Gliebe, Regal Beloit CEO.
