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Regal Beloit's strength is in its market diversity as it serves an expansive array of markets from heavy industry to high technology. Markets include Heating Ventilating and Air Conditioning (HVAC), food processing, medical, material handling, petro-chemical, construction, manufacturing, agriculture and mining, to name a few. Few companies can match Regal Beloit's abilities to adapt and modify products to required specifications and deliver consistent quality, at a fair price and a time dictated by the customer. Regal Beloit's ongoing success can be attributed, in part, to an aggressive acquisition program, which has become a company hallmark. 2004 saw two major motor acquisitions from General Electric (GE), which effectively doubled the size of Regal Beloit. In 2007, the Company acquired Morrill Motors, a leading manufacturer of fractional horsepower motors for commercial refrigeration and freezer markets. With the acquisition of Fasco and Jakel that same year, Regal Beloit expanded into blower systems for the HVAC market. Alstom's motor and fan business in India was then purchased, another step in the execution of the Company's globalization initiative. The Company now has over 17,000 employees and 54 manufacturing and service/distribution facilities throughout the United States and in Canada, Mexico, Europe, Asia and Australia. Regal Beloit stock is traded on The New York Stock Exchange® under the symbol RBC.
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