Latest from People

Sonepar / Viking Electric
soneparstacystanslaski_1920
Illustration 19276996 / dirk erck / Dreamstime.com
people_onthe_move_illustration_19276996__dirk_erck
57640139 / edenmanusphotography / dreamstime.com
obituary_photo_57640139__edenmanusphotography_drea
United Electric Supply Co.
united_electric1920
Crescent Electric Supply
scott_teerlinck_crescent_1920
Illustration 19276996 / dirk erck /Dreamstime.com
people_onthe_move_illustration_19276996__dirk_erck
Photo 57640139 / edenmanusphotography / Dreamstime.com
obituary_photo_57640139__edenmanusphotography_drea

Actuant plans to divest European electrical business

Sept. 22, 2010
Actuant Corp. (ATU), Butler, Wis., said it plans to divest its European Electrical business unit, which markets its products primarily under the Kopp brand. The unit designs, manufactures and markets electrical sockets, switches and other tools and ...

Actuant Corp. (ATU), Butler, Wis., said it plans to divest its European Electrical business unit, which markets its 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 U.S. electrical market include Gardner-Bender tools, Acme Electric transformers and Turner air-break switches, said the Kopp unit has a strong brand and market position, but “future growth can be more fully realized with an owner focused on the European DIY market,” said Chairman and Chief Executive Robert C. Arzbaecher.

Actuant release