A major industry manufacturer has sold its decades-old pool and spa pump motors division.
Milwaukee-based A.O. Smith, which had been in the motors business for approximately 60 years, completed the sale to Regal Beloit Corp. in late August.
The deal includes A.O. Smith’s entire Electrical Products segment, which produces motors for a number of residential and commercial applications, among them pool and spa pumps.
It was worth an estimated $875 million in cash and stock, and required regulatory approval by the U.S. Department of Justice.