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.