Regal Beloit Corporation, a leading manufacturer of mechanical and electrical motion control and power generation products, announced recently that it has signed a definitive agreement with Tecumseh Products Company under which Regal Beloit will acquire the assets of the FASCO Residential/Commercial operations and the stock of the FASCO Asia/Pacific operations.

According to the company’s press release, the FASCO businesses that Regal Beloit is acquiring manufacture and market motors and blower systems for air moving applications including alternative fuels systems, water heaters and HVAC systems. Regal Beloit expects the acquired businesses to add approximately 290 million dollars of sales in 2008.

Henry W. Knueppel, Chairman and CEO of Regal Beloit, commented: “FASCO is a great business with a long history of product and manufacturing excellence. We are very excited about the people, facilities, and technology that are the foundation of these acquired businesses. This acquisition is consistent with our strategy to expand our end markets and integrated product solutions. We are particularly pleased that this acquisition would allow us to offer our customers a range of complete motor and blower system solutions.”

“Additionally, the acquisition would continue the expansion of our global manufacturing and commercial footprints and expand our reach further into Asia including the Australian market”, he said. Included in the acquisition are manufacturing and distribution facilities in Eldon and Cassville (Missouri), Piedras Negras (Mexico), Bangkok (Thailand) and Melbourne (Australia).