Actuant Corp. of Glendale, Wis., has purchased the outstanding stock of Dallas-based Precision Sure-Lock for approximately $43 million. Maintaining a
Actuant Corp. of Glendale, Wis., has purchased the outstanding stock of Dallas-based Precision Sure-Lock for approximately $43 million. Maintaining a leading U.S. market position in concrete pre- and post-tensioning hardware, Precision generated 2005 sales of roughly $25 million and employs about 75. Its products include one-time use and reusable chucks and wedges, stressing jacks and anchors used by concrete tensioning system designers, fabricators and installers. End markets include residential, commercial and public-works concrete construction. Precision Sure-Lock will be part of the industrial tools business within Actuant’s Tools & Supplies segment. Precision CEO Bob Van Noord and his team will run the business and report to George Bowman, president of Enerpac, Actuant’s post-tensioning, bending and related hydraulic tool business.