More than half of Rexnord to merge into Regal Beloit in $3.69 billion deal

Rexnord Corp.
Rexnord Corp.

Last updated on February 17th, 2021 at 01:33 pmMilwaukee-based Rexnord Corp. plans to combine its process and motion control business with Regal Beloit in a move that will leave the remaining company entirely focused on its water management business. The deal, which values Rexnord’s PMC business at $3.69 billion, calls for Rexnord to spin off

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Arthur covers banking and finance and the economy at BizTimes while also leading special projects as an associate editor. He also spent five years covering manufacturing at BizTimes. He previously was managing editor at The Waukesha Freeman. He is a graduate of Carroll University and did graduate coursework at Marquette. A native of southeastern Wisconsin, he is also a nationally certified gymnastics judge and enjoys golf on the weekends.

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