Actuant Acquires Templeton, Kenly & Co. for $48M
Actuant Corp., Milwaukee, WI, has acquired Templeton, Kenly & Co, Inc., Broadview, IL, for $48 million in cash.
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TK produces hydraulic pumps and tools, mechanical jacks, wrenches, and actuators. Its products are sold under brand names including Simplex, Uni-Lift, and Pow'r-Riser. TK generated $33 million in sales in the last year, and has 120 employees.
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TK will operate within Actuant's Industrial Segment, which includes Enerpac.
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  ; TK's leading positions in the mechanical jack product line and the railroad end market represent attractive market extensions for Actuant, and we are excited about the prospects for utilizing our global distribution network to accelerate the sales of these products. In addition, TK's hydraulic pumps and tools ...
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