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)