Regal Rexnord Corporation, usually referred to as just Regal Rexnord, is a manufacturer of electric motors and power transmission components headquartered in Beloit, Wisconsin. The company has manufacturing, sales, and service facilities throughout the United States, Canada, Mexico, Europe and Asia, with about 29,000 employees. As of year 2021, the company is ranked 763rd on the Fortune 1000, and was the 17th largest corporation in Wisconsin. One of the largest electric motor manufacturers in the world, its Genteq brand brushless DC electric motors are found in almost all variable-speed residential HVAC equipment in the United States today, and its GE Commercial Motors, Leeson, and Marathon Electric Motor brands are used throughout the industrial sector. History The company was founded in 1955 as Beloit Tool Corporation, and began operations in a converted roller rink. In 1961, it moved to facilities in South Beloit, Illinois, and in 1969 it changed its name to Regal Beloit. In the 1980s the company expanded its product line with a series of acquisitions of smaller companies, and in 1991 its headquarters were moved to downtown Beloit. One of Regal's acquisitions was Marathon Special Products, producing terminal blocks, power distribution blocks and fuseholders manufactured in Bowling Green, Ohio, with new products being added regularly in addition to the Kulka brand. In 2004, two acquisitions from General Electric effectively doubled the size of the company. In July 2007, Regal acquired the Fasco electrical components business of Tecumseh Products for $220 million in cash. In 2007, Regal Beloit corporation USA acquired Alstom India Motors and Fans business and named as Marathon Electric Motors India Limited. In October 2008, Regal acquired the Dutchi Motors B. V. for $34 million in cash and $3.2 million in net liabilities. In April 2010, the company acquired CMG Engineering Group, a manufacturer of industrial motors, blowers and metal products, for $75 million in cash. In 2011, the company completed the largest acquisition in its history by purchasing A.O. Smith's Electrical Products Company. This acquisition added about $700 million in sales revenues, and further expanded the company in Mexico and China, while adding new products to its production lines. On 9 July 2013, Regal Beloit announced that its plant in Springfield, Missouri, would face a staged closing over the next 18 months, impacting 330 employees. On 5 June 2014, Regal Beloit announced that further closing of two plants in Kentucky, a staged closing over the