What is Regal Beloit?


Quick Answer

Regal Beloit Corporation is a manufacturer of electric motors based out of Beloit, Wisconsin. The company was founded in 1955 as Beloit Tool Corporation and is the 17th-largest corporation in Wisconsin as of 2015.

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Full Answer

Regal Beloit has acquired over 50 businesses throughout its history and is the owner of 12 major brands. Beloit's brands manufacture electric motors and generators, gear reducers, electric switchgears, drive components and conveyor systems. These products appear in home furnaces, commercial elevators, X-ray machines and power stations. Its Genteq-brand brushless DC electric motors are used in almost all variable-speed residential heating, ventilating and air conditioning equipment sold in the United States.

Beloit encompasses many brands, including Benshaw, Cemp, Century, Durst and Elco. Additional Beloit brands are Fasco, Genteq, Grove Gear, Hub City and Hy-Bon. Leeson Electric, Marathon, Mastergear Worldwide, and Milwaukee Gear are also part of the Beloit brand, as are Morril, Rotor, Unico and Velvet Drive Transmissions.

Regal Beloit trades on the New York Stock Exchange as RBC. The net income of the company in 2012 was $195.6 million, with total assets listed at $3.56 billion. In 2014, the company ranked 713th on the Fortune 1,000. Regal Beloit employs over 23,000 people and has 14 offices around the world.

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