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PR Newswire

Regal Beloit Announces Sale of the Assets of the Richmond Gear Division

BELOIT, Wis., Dec. 5, 2011 /PRNewswire/ -- Regal Beloit Corporation (NYSE:RBC) announced today that it has entered into an agreement to sell the assets of the Richmond Gear division to Midwest Truck and Auto Parts, Inc. for an undisclosed amount. Richmond Gear, located in...