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Actuant Corp. (NYSE: ATU), Milwaukee, WI, has completed the sale of its recreational vehicle business to Drew Industries (NYSE: DW). Actuant’s RV business, part of its engineered solutions segment, designs and manufactures motorhome leveling and room slide-out systems and retractable steps.
The business had annual revenues of $30 million.
“The sale is part of our ongoing portfolio management efforts to proactively focus Actuant on our four macro growth markets of energy, infrastructure, food/farm productivity and natural resources/sustainability, where we can build meaningful positions and support our strategic growth initiatives,” said CEO Mark Goldstein.