Regal Beloit Corporation (NYSE: RBC) today announced that the Company has acquired the Australian Fan and Motor Company (AFMC) headquartered in Melbourne, Australia.

AFMC manufactures and distributes a wide range of direct drive blowers, fan decks, axial fans and sub fractional motors for sales in Australia and New Zealand. For the remainder of 2011, the business is expected to add approximately $6.0 million to sales.

According to Mark J. Gliebe, CEO of Regal Beloit, "We are excited to announce the acquisition of AFMC. AFMC combined with our Fasco Australia and CMG businesses allows us to offer a more complete solution to our South Pacific customers by combining high efficiency motors and blowers."

About REGAL BELOIT CORPORATION:

Regal Beloit Corporation is a leading manufacturer of electric motors, mechanical and electrical motion controls and power generation products serving markets throughout the world. Regal Beloit is headquartered in Beloit, Wisconsin, and has manufacturing, sales, and service facilities throughout the United States, Canada, Mexico, Europe and Asia. Regal Beloit's common stock is a component of the S&P Mid Cap 400 Index and the Russell 2000 Index.