The Holmes Group, Inc., a privately held manufacturer of small appliances and appliance motors has entered into a joint venture with Regal-Beloit, a Wisconsin, U.S.-based corporation that manufacturers and sells motors for commercial and industrial customers worldwide.
"This new venture affords us the opportunity to expand our motor sales to commercial and industrial customers by partnering with a company that focuses exclusively in this business," Peter Martin said, president and CEO of The Holmes Group.
"We are extremely excited about the relationship with The Holmes Group and believe that its offers a significant growth opportunity for both of our businesses," Henry Knueppel said, president of Regal-Beloit. "We look forward to working with a company so well known for its outstanding motor quality."
The Holmes Group, based in Milford, MA, U.S., is a fully integrated consumer products company with offices and manufacturing facilities worldwide. and produces consumer products for the home environment, kitchen, and lighting. The joint venture will allow The Holmes Group to pursue additional opportunities to expand its appliance motor manufacturing business with other partners.
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