Regal beloit corporation announces planned power transmission solutions segment leadership & segment name changes

Beloit, wis., aug. 19, 2021 /prnewswire/ -- regal beloit corporation (nyse: rbc), a global leader in the engineering and manufacturing of power transmission solutions and high-efficiency electric motors and systems, today announced that contingent on closing its planned merger with rexnord corporation's process & motion control segment ("pmc"), regal's power transmission business, which will be comprised of its current power transmission solutions segment ("pts") and pmc, will be re-named motion control solutions ("mcs").
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