Actuant Corp., Milwaukee, WI, has agreed to acquire Cortland Companies, Cortland, NY, from an investor group lead by Cortec Group for about $230 million.
Cortland is a global designer, manufacturer and distributor of custom-engineered electro-mechanical cables and umbilicals, high performance synthetic ropes and value-added steel cable and assemblies. Cortland’s products are used in offshore oil and gas, marine geophysical survey, commercial diving, marine transport, medical, security, defense and aerospace end-markets.
Cortland is expected to generate $100 million in revenue this calendar year.
Actuant is a diversified industrial company with operations in more than 30 countries. The Actuant businesses are market leaders in highly engineered …
Actuant Agrees to Buy Cortland Companies
Actuant Corp., Milwaukee, WI, has agreed to acquire Cortland Companies, Cortland, NY, from an investor group lead by Cortec Group for about $230 million.
Cortland is a global designer, manufacturer and distributor of custom-engineered electro-mechanical cables and umbilicals, high performance synthetic ropes and value-added steel cable and assemblies. Cortland’s products are used in offshore oil and gas, marine geophysical survey, commercial diving, marine transport, medical, security, defense and aerospace end-markets.
Cortland is expected to generate $100 million in revenue this calendar year.
Actuant is a diversified industrial company with operations in more than 30 countries. The Actuant businesses are market leaders in highly engineered …
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- Filed In: Finance, Free, Mergers & Acquisitions, News, Subscriber Only, Top Distributor Sectors
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