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ACTUANT CORP. Milwaukee, Wisconsin; Manufacturer Is A Switch-Hitter On Growth.(THE NEW AMERICA)
Byline: LISA SCHMEISER
Successful companies typically adopt one of two strategies for bulking up their sales: improve the performance of internal units, or acquire companies that bring a big market with them.
Actuant uses both strategies. The diversified manufacturer concentrates its business in three major platforms: industrial tools, electrical tools and supplies, and engineered solutions.
"They've got a pretty good breadth of product," said Harris Nesbitt analyst Charles Brady.
Each of Actuant's platforms uses a combination of internal and external growth to keep or build market share, says Chief Executive Robert Arzbaecher.
"We're interested in acquisitions in niche markets across all three platforms," he said.
In the industrial tools division, the plan is to expand Actuant's footprint in the oil and gas power-generation markets. That was the motivation behind last year's buyouts of Hydratite Sweeney and Hedley Purvis. Each of the acquired firms sells hydraulic torque wrenches and other tools used in offshore oil rigs.
- Actuating Actuant.
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...with. This, says Robert Arzbaecher, Actuant's president and CEO...Netherlands. According to Arzbaecher, Actuant remains on the prowl for more...you can't recover." Actuant, Arzbaecher says, tends to avoid "fixer...
- Actuant's stock is raising the roof.
- News wire article from: Milwaukee Journal Sentinel (Milwaukee, WI) July 9, 2007 700+ words
...little fitter," said Bob Arzbaecher, Actuant's president and chief...own products, a pattern Arzbaecher said is common to many of Actuant's deals. Growing to...globe are strengths for Actuant, Arzbaecher said. "We do only about...
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...the announcement, Bob Arzbaecher, Actuant's Chairman and CEO...awaiting Actuant." Actuant also announced that...Shareholders in January 2008. Arzbaecher commented, "Kathy...Since that time, Actuant has grown significantly...
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- Press release article from: Business Wire August 2, 2005 700+ words
...more than 5,800. Says CEO Bob Arzbaecher, "Actuant's first five years demonstrate...positions in diverse markets." Says Arzbaecher, "The five-year milestone...our successful business model. Actuant grew sales organically and complemented...
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- Press release article from: Business Wire November 7, 2008 700+ words
...the announcement, Robert Arzbaecher, Actuant's Chairman and CEO...leadership position." Actuant also announced that William...Shareholders in January 2009. Arzbaecher commented "Bill joined the Actuant Board at the spin-off...
- Actuant makes another purchase.
- News wire article from: Milwaukee Journal Sentinel (Milwaukee, WI) December 23, 2006 700+ words
...our markets," Actuant Chief Executive Officer Robert Arzbaecher said. Arzbaecher...In the past, Arzbaecher said Actuant used to outsource...Maxima's debt, Arzbaecher said. The Maxima...acquisition continues Actuant's expansion since...
- Actuant Signs Agreement to Acquire Key Components for $315 Million.
- Press release article from: Business Wire November 19, 2004 700+ words
MILWAUKEE -- Actuant Corporation (NYSE:ATU) announced...Commenting on the transaction, Robert C. Arzbaecher, Actuant President and CEO, said, "We believe...transaction represents a defining event in Actuant's history. KCI is comprised of...
- Actuant Completes Hydratight Sweeney Acquisition.
- Press release article from: Business Wire May 17, 2005 700+ words
MILWAUKEE -- Actuant Corporation (NYSE:ATU) announced...million with proceeds being funded from Actuant's existing credit facilities. Hydratight...Commenting on the transaction, Robert C. Arzbaecher, Actuant President and CEO, said, "Hydratight...
- Actuant Signs Agreement to Acquire the Cortland Companies.
- Press release article from: Business Wire September 17, 2008 700+ words
MILWAUKEE -- Actuant Corporation (NYSE:ATU) announced...Commenting on the transaction, Robert C. Arzbaecher, Actuant's Chief Executive Officer stated...Cortland represents a great addition to Actuant's diversified business portfolio...
- Actuant Reports Bond Repurchases and Further Debt Reduction.
- Press release article from: Business Wire September 17, 2002 700+ words
...time of the spin-off to below Actuant's 2.5X trailing twelve month...accounting pronouncements). Actuant's August 31, 2002 outstanding...Heinrich Kopp A.G. Robert C. Arzbaecher, Actuant President and Chief Executive...