Regal Beloit Corporation is a global manufacturer of electric motors and controls, electric generators and controls, and mechanical motion control products. The Company operates in two segments: Electrical and Mechanical. Its electrical products include alternating current (AC) and direct current (DC) commercial and industrial electric motors and controls, motors used in heating, ventilation, and air conditioning (HVAC) and commercial refrigeration applications, electric generators and controls, and capacitors. Its mechanical products include primarily gears and gearboxes, marine transmissions, automotive transmissions, manual valve actuators, and electrical connectivity devices. In August 2011, Regal Beloit Corporation acquired electric motor business of A. O. Smith Corporation. In June 2011, the Company acquired Australian Fan and Motor Company. In February 2012, the Company acquired Milwaukee Gear Company.