Actuant draws on revolver for Precision Sure-Lock purchase

By Sara Rosenberg

New York, April 28 - Actuant Corp. used borrowings under its existing revolving credit facility to fund the acquisition of Precision Sure-Lock for about $43 million, according to a company news release.

Actuant is a Glendale, Wis.-based diversified industrial company focused on highly engineered position and motion control systems and branded hydraulic and electrical tools and supplies. Precision Sure-Lock is a Dallas-based company that provides products to the concrete pre- and post-tensioning markets.

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