Acquisitions

3 Months Ended

Mar. 30, 2013

Business Combinations [Abstract]

Acquisitions

ACQUISITIONS

The results of operations for acquired businesses are included in the Condensed Consolidated Financial Statements from the dates of acquisition. Acquisition expenses, which were recorded in operating expenses, were $0.3 million and $0.1 million for the three months endedMarch 30, 2013 and March 31, 2012, respectively.

2013 Acquisitions

On February 8, 2013, the Company acquired the RAM motor business previously owned by Schneider Electric. This business manufactures hermetic motors from 250 hp to 2,500 hp for commercial HVAC applications and is reported in the Electrical segment.

2012 Acquisitions

On February 3, 2012, the Company acquired Milwaukee Gear Company (“MGC”), a Wisconsin-based leading manufacturer of highly engineered gearing components for oil and gas applications as well as a wide variety of other commercial and industrial applications. The purchase price of MGC was$80.3 million paid in cash, net of cash acquired. MGC is reported as a part of the Company’s Mechanical segment.