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Actuant Corp. (NYSE: ATU) Milwaukee, WI, has completed the previously announced sale of its electrical segment to Sentinel Capital Partners for $258 million.
In June, Actuant announced that its board of directors had authorized the divestment to refocus on the remaining businesses and better position the company to take advantage of its core competencies, current business model and global growth trends.
The electrical segment primarily serves the retail do-it-yourself, marine, industrial OEM and wholesale electrical markets.