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Actuant Corporation acquires Precision Sure-Lock
(17/10/2006)

Actuant Corporation has purchased the outstanding stock of Precision Sure-Lock for approximately $43 million. Funding was provided from borrowings under Actuant’s revolving credit facility. Precision Sure-Lock, based in Dallas, Texas, generated approximately $25 million of sales in the last twelve months and employs approximately 75 associates. It maintains a leading U.S. market position in the concrete pre- and post-tensioning product markets... [more]

Actuant completes Hydratight Sweeney acquisition
(17/10/2006)

Actuant Corporation has completed the Hydratight Sweeney acquisition. Total consideration for the previously announced transaction was approximately $93 million with proceeds being funded from Actuant’s existing credit facilities. Hydratight Sweeney, with headquarters in Birmingham, United Kingdom, manufactures and provides bolting products and services to the oil and gas, power generation, industrial, and other end-user markets. Commentin... [more]

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