Regal Beloit Completes RAM Motor Purchase

On Friday, electric motor and generator manufacturer Regal Beloit announced that it has completed its purchase of France-based Schneider Electric's RAM motor business. 

Regal says it expects to generate $20 million in 2013 revenue from its new subsidiary, which manufactures hermetic motors for use in commercial HVAC. Profits should begin arriving next year, with Regal projecting that RAM will add $0.03 worth of profit per diluted share in 2014.

Regal shares reacted positively to the news, closing up 1% Friday at $54.81.

The article Regal Beloit Completes RAM Motor Purchase originally appeared on Fool.com.

Fool contributor Rich Smith and The Motley Fool have no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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