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Emerson agreed to sell its Power Transmission Solutions (PTS) business to Regal Beloit for about $1.4 billion in cash plus $40 million in assumed liabilities—a combined transaction value reported as $1.44 billion. The deal closed on January 30, 2015. PTS supplied industrial components and systems under established brands including Browning, Sealmaster and System Plast.
What did Regal acquire, and when did the deal close?
Regal Beloit announced a definitive agreement to acquire Emerson Electric’s Power Transmission Solutions business on December 15, 2014. The transaction closed on January 30, 2015.
Regal described the consideration as approximately $1.4 billion in cash and $40 million of assumed liabilities. The Milwaukee Business Journal reported the deal’s total value as $1.44 billion, reflecting those components.
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What did Power Transmission Solutions make?
PTS was a global supplier of engineered power-transmission products and solutions. Its portfolio covered components used to transfer motion and power, as well as systems for moving materials.
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- Size - Inner Girth: 991mm / 39"; Outer Girth: 1060mm / 41.74"; Top Width: 17mm / 0.67"; Thickness: 11mm / 0.43"
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- Products: bearings, couplings, gearing, drive components and conveyor systems.
- Brands named in Regal’s announcement: Browning, Jaure, Kop-Flex, McGill, Morse, Rollway, Sealmaster and System Plast.
- Markets served: material handling, metals, energy, beverage, HVAC, aerospace and other general industrial applications.
How large was the business?
At announcement, Regal described PTS as generating approximately $600 million in annual revenue and employing more than 3,000 people. Emerson’s fiscal-2014 filing reported PTS sales of $605 million and pretax earnings of $87 million.
| Measure | Reported figure | Basis |
|---|---|---|
| Annual revenue | Approximately $600 million | Regal’s 2014 announcement |
| Employees | More than 3,000 | Regal’s 2014 announcement |
| Sales | $605 million | Emerson fiscal 2014 |
| Pretax earnings | $87 million | Emerson fiscal 2014 |
Why did Emerson sell PTS?
Emerson said PTS no longer aligned with the strategic direction of its portfolio, while describing it as a strong business with an outstanding management team and recognized brands. Regal’s chairman and CEO, Mark Gliebe, said the acquisition would broaden Regal’s portfolio, diversify its end-market exposure and strengthen its global footprint.
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Emerson recorded a pretax gain of $932 million on the sale, or $528 million after tax, and said it used the proceeds for share repurchases.
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Best Value
- Size: Inner Girth:26"/670mm;
- Material: It is made of neoprene rubber for resistance to oils, water, and some solvents.
- Function: To link two or more rotating shafts to transmit power in a drive system. Even load distribution on belt drives and good wear resistance.
- Feature: The trapezoidal shape of the belts cross section wedges into the groove of a similarly shaped sheave or pulley to provide traction and alignment.
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- Advanced Goodyear Engineering: From V-Belts to Serpentine, Goodyear belts are built for the heat, load, and RPM demands of modern engines
- Built to Last: Heat and abrasion resistant belts with high-tensile strength deliver performance for the toughest automotive and heavy duty applications
- Avoid Breakdowns: Long-lasting, exact-fit replacement belts restore quiet, reliable performance and help prevent unexpected repairs, minimizing operational downtime
- Confirm Fit: Each belt is thoughtfully designed for certain makes and models; please check the Amazon Fitment data and product description for compatibility information
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Rank #3
- Size: Model: A53; Inner Girth: 1350mm; Top Width: 13mm; Thickness: 8mm.
- Material: It is made of neoprene rubber for resistance to oils, water, and some solvents.
- Function: To link two or more rotating shafts to transmit power in a drive system. Even load distribution on belt drives and good wear resistance.
- Feature: The trapezoidal shape of the belts cross section wedges into the groove of a similarly shaped sheave or pulley to provide traction and alignment.
- Applications: Used for drive systems in the automotive, agricultural, textile, printing, mining, and office equipment industries, ect.
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