NEWSWIRETODAY Press Release& Newswire Distribution | HOME
MOST TRUSTED NEWSWIRE PRESS RELEASE DISTRIBUTION
PRTODAY / NewswireToday press release distribution service network
Written by / Agency / Source: Actuant Corporation
Check Ads Availability|e-mail Article

Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

Actuant Completes Divestiture of European Electrical Business - Actuant Corporation (NYSE:ATU) today announced that it has completed the previously announced divestiture of the European Electrical business to Palero Capital
Actuant Completes Divestiture of European Electrical Business

 

NewswireToday - /newswire/ - Milwaukee, WI, United States, 2011/03/01 - Actuant Corporation (NYSE:ATU) today announced that it has completed the previously announced divestiture of the European Electrical business to Palero Capital.

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Manufacturing / Robotics Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

In September 2010, Actuant announced plans to divest the European Electrical business which designs, manufactures and markets electrical sockets, switches and other tools and consumables predominately for the European Do-It-Yourself retail market. In conjunction with that announcement, the Company began reporting European Electrical as a discontinued operation and reclassified its historical financial results to remove European Electrical from continuing operations.

The completion of the divestiture will result in an after-tax charge of approximately $10 million which will be recorded in discontinued operations in the second quarter of fiscal 2011. Actuant will release its second quarter fiscal 2011 financial results on March 17, 2011.

Robert W. Baird & Co. served as Actuant's advisor for the transaction.

About Actuant
Actuant Corporation (actuant.com) is a diversified industrial company with operations in more than 30 countries. The Actuant businesses are leaders in a broad array of niche markets including branded hydraulic and electrical tools and supplies; specialized products and services for energy markets and highly engineered position and motion control systems. The Company was founded in 1910 and is headquartered in Butler, Wisconsin. Actuant trades on the NYSE under the symbol ATU. For further information on Actuant and its businesses, visit the Company's website.

Safe Harbor
Certain of the above comments represent forward-looking statements made pursuant to the provisions of the Private Securities Litigation Reform Act of 1995. Management cautions that these statements are based on current estimates of future performance and are highly dependent upon a variety of factors, which could cause actual results to differ from these estimates. Actuant’s results are also subject to
general economic conditions, variation in demand from customers, the impact of geopolitical activity on the economy, continued market acceptance of the Company’s new product introductions, the successful integration of acquisitions, restructuring, operating margin risk due to competitive pricing and operating efficiencies, supply chain risk, material and labor cost increases, foreign currency fluctuations
and interest rate risk. See the Company’s Form 10-K filed with the Securities and Exchange Commission for further information regarding risk factors. Actuant disclaims any obligation to publicly update or revise any forward-looking statements as a result of new information, future events or any other reason.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Manufacturing / Robotics Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Written by / Agency / Source: Actuant Corporation

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick NewswireToday Visibility Checker

 

Distribution / Indexing: [+]  / [Company listed above is a registered member of our network. Content made possible by PRZOOM / PRTODAY indexing services]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Manufacturing / Robotics articles,
CATCH Visitors via Your Competitors Announcements!


Actuant Completes Divestiture of European Electrical Business

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name NewswireToday and LINK as the source.
 
Publisher Contact: Karen Bauer - Actuant.com 
262-373-7462 karen.bauer[.]actuant.com
 
Newswire Today - PRZOOM / PRTODAY disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Actuant Corporation securities in any jurisdiction including any other companies listed or named in this release.

Manufacturing / Robotics via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY

Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!


Read Latest Articles From Actuant Corporation / Company Profile


Read Manufacturing / Robotics Most Recent Related Newswires:

ABB to Acquire ASTI Mobile Robotics Group to Drive Next Generation of Flexible Automation with Autonomous Mobile Robots
Voith Wins Order to Rebuild Golbey PM 1 for Future Production of Packaging Paper
Bruker Launches NMR Honey-Profiling™ Module For The Advanced Detection Of The Ever Evolving Modes Of Honey Adulteration
ABB Sets New Global Standard with Remote Commissioning of Actuators for BGPPL, India
Veracel Celulose S.A. Commissions Voith to Completely Rebuild and Upgrade the QCS Scanner At PDM 1 in Eunapólis, Brazil
Endress+Hauser Integrates Concentration Measurement Specialist
Yokogawa Launches OpreX Data Model Broker - A Plant Data Transformation Platform
Koehler Paper Sets New Production Speed Record with Voith Paper Machine
ANDRITZ is Supplying Major Pulp Production Technologies and Key Process Equipment for the World’s Largest DP Pulp Mill
BASF and Clayton, Dubilier & Rice to Sell Solenis to Platinum Equity
GRI Renewable Industries and Hempel Enter into Strategic Partner-ship Agreement
BASF Expands Portfolio of RSPO-certified Surfactants, Underlining its Clear Commitment for the Use of Sustainable Palm (Kernel) Oil-based Products
BASF Introduces VALERAS™ - A New Brand for its Plastic Additives Portfolio that Enables Customers to Achieve their Sustainability Goals
Voith to Supply Quality Control System (QCS) OnQuality to Paraibuna Embalagens in Brazil
BASF Expands Biopolymer Portfolio with COSMOS-approved Rheology Modifier Hydagen® Clean

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
NewswireToday Celebrates 10 Years in Business


PREMIUM Members


Visit  RightITnow, Inc.

Visit  La Bella Bakery Artisan Bakery Arizona





 
  ©2021 NewswireToday — Limelon Advertising, Co.
Home | About | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneurs newswire distribution prtoday.com newswiredistribution asianewstoday bizwiretoday USA pr UK today - NOT affiliated with PRNewswire as we declined their partnership offer in 2013
 
PRTODAY & NewswireTODAY are proudly NOT affiliated with USA TODAY (usatoday.com)