Actuant plans to divest European electrical business

Actuant Corp., Butler, Wis., said it plans to divest its European Electrical business unit, which markets products primarily under the Kopp brand. The unit designs, manufactures and markets electrical sockets, switches and other tools and consumables predominately for the European do-it-yourself (DIY) retail market. It has operations in Germany, Austria and Tunisia, employs approximately 525 people, and reports annual revenues of approximately $105 million. Actuant, whose offerings in the

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