February 7, 2014
Regal Beloit Corporation (NYSE: RBC) today announced it has acquired Hy-Bon Engineering Company, Inc. (Hy-Bon), a leader in vapor recovery solutions for oil and gas applications.
"We're very excited to welcome Hy-Bon to the Regal family. With revenues of approximately $57 million, Hy-Bon will be a nice strategic addition to our existing Unico business, allowing us to further grow both businesses with a stronger combined sales and service infrastructure," stated Mark Gliebe, Chairman and CEO.
