Regal Rexnord, a provider of engineering and manufacturing of industrial powertrain solutions, completed the acquisition of Arrowhead Systems, a provider of industrial process automation solutions, for $297m. "Strategically, Arrowhead is everything Regal Rexnord looks for in an acquisition. It increases our exposure to attractive, high-growth end applications. In addition, its highly engineered products and solutions, including digital capabilities, are differentiated and highly valued by its customers. Arrowhead’s growth strategy is also consistent with our mindset of driving innovation with purpose — purposeful for our customers and for our planet — considering its offering directly supports rising consumer demand for more environmentally friendly packaging, particularly a migration away from single-use plastics to aluminum cans," Louis Pinkham, Regal Rexnord CEO.