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Regal Beloit Corp. acquires Benshaw Inc. in $50M deal

BELOIT, WI (WTAQ) - The Regal Beloit Corporation is getting bigger.

The company said Tuesday morning it acquired Benshaw Incorporated of Pittsburgh for $50 million.

Benshaw makes custom voltage drives for manufacturing equipment.

Regal Beloit CEO Mark Gliebe said Benshaw is an "excellent fit" for Beloit's custom electronic drive business.

The Curtiss-Wright Corporation of North Carolina is selling Benshaw, after owning it since 2007.

Regal-Beloit makes a host of electric motors, mechanical and motion controls, and other industrial power generating products.

(Story courtesy of Wheeler News Service)

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