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Regal Manufacturing Co. history
Regal Manufacturing Co. company history timeline
In 1957 Taylor acquired Crest Tool Industries, a cutting tool company that specialized in providing tools to United States government purchasing agencies, and two years later Beloit Tool had passed the $100 million sales level.
In 1973 Taylor officially changed Beloit Tool's name to Regal-Beloit (after, some said, a type of flower) and continued his strategy of expanding its market share and diversifying its business niche by acquiring promising companies in its basic power transmission and cutting tools lines.
Turning to the power transmission segment, in mid-1978, Taylor purchased Orbmark Company, the developer of a high-torque, low-speed hydraulic motor, and a year later he brought James Packard, a seasoned corporate manager from PepsiCo's Frito-Lay division, on board Regal-Beloit's management team.
In expectation of the huge sales potential of foreign markets, in 1979 Taylor also unveiled Regal-Beloit International Sales Corporation, which he headquartered in the firm's Beloit offices.
After three decades at Regal-Beloit's helm, Taylor finally relinquished the chairmanship to Packard in 1986.
In May 1990, Regal-Beloit broke ground on a new $2.4 million world headquarters building in downtown Beloit, signaling its aim to return to its original Wisconsin roots after 27 years on the other side of the Illinois border.
A4. "Newest 'Kid' on a Super Block," Beloit Daily News, April 24, 1991, special issue on Regal-Beloit Corporation.
With sales arcing past $152 million, two more acquisitions--hydraulic pump drive manufacturers Hub City, Inc. of Aberdeen, South Dakota, in April 1992 and Terrell Gear Drives, Inc. of Charlotte, North Carolina, in November--boosted Regal-Beloit's sales to $199.8 million by year-end.
By the end of 1993 Regal-Beloit's total sales had edged up to $220 million.
Buying only bug-free products from reliable dealers, Regal-Beloit by 1996 was saving $3 million annually on equipment purchases.
GAA found its stride in the Third-Party Logistics arena, and ARD grew by expanding to Alabama to support Mercedes Benz in 2001.
By the end of 2004, approaching our 50th year of operation, our annual sales reached $756 million.
By the end of 2015, the company’s total sales were $3.5 billion.
In 2021, the company continues to transform through the merger with the PMC segment of Rexnord.
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Regal Manufacturing Co. competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Elektrisola | - | $16.0M | 100 | - |
| Fiber Glass Industries | 1957 | $22.7M | 100 | - |
| All American Poly | - | $11.5M | 50 | - |
| NVIC | 1996 | $63.7M | 64 | - |
| Angel Falls Coffee Co | - | $400,000 | 15 | - |
| Merillat Cabinetry | 2007 | $810.0M | 2,326 | - |
| Alumax | - | $3.8B | 14,400 | - |
| NAPCO | 1992 | $140.0M | 110 | - |
| IKO International, Inc. | - | - | - | 87 |
| King and Prince Seafood | 1924 | $45.0M | 246 | 5 |
Regal Manufacturing Co. history FAQs
Zippia gives an in-depth look into the details of Regal Manufacturing Co., including salaries, political affiliations, employee data, and more, in order to inform job seekers about Regal Manufacturing Co.. The employee data is based on information from people who have self-reported their past or current employments at Regal Manufacturing Co.. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Regal Manufacturing Co.. The data presented on this page does not represent the view of Regal Manufacturing Co. and its employees or that of Zippia.
Regal Manufacturing Co. may also be known as or be related to Regal Manufacturing Co Inc and Regal Manufacturing Co.