Frost & Sullivan, a global growth consulting firm, recognizes outstanding industry achievements annually by awarding top companies in regional and global markets. The firm honored companies and individuals for innovative developments, outstanding performance and achievements in industrial technologies markets.

Regal Beloit was recognized for its global footprint and competitiveness, efficient workforce, beneficial customer relationships and “exceptional revenue compounded annual growth rate of more than 17% over the past 10 years,” which far exceeds the industry average.

Accepting the award for Regal Beloit was Mike Wickiser, Senior Vice President of Marketing and Sales. Wickiser stated, "The last several years have been incredibly exciting for Regal Beloit. The company has reinvented itself through the creation of a number of new products and several key acquisitions. There is an energy and excitement running through the company that is contagious. On behalf of the 13,000 employees globally at Regal Beloit, I would like to say thank you to Frost and Sullivan for this prestigious award. Our customers, suppliers and associates have all contributed to our success.”

Henry Knueppel, Chairman and Chief Executive Officer, stated, “2006 was an incredible year for Regal Beloit with 12% organic growth, record sales and significant progress on each of our five company initiatives: customer centricity, globalization, innovation, digitization and lean six sigma. It is the quality of our 13,000 employees, the quality of our processes, and our focus on the customer that continues to make us successful.”