Actuant Acquires B.E.P. Marine Limited.

MILWAUKEE -- Actuant Corporation (NYSE:ATU) announced today that it has purchased the outstanding stock of B.E.P. Marine Limited ("B.E.P. Marine") for approximately $8 million plus an earn-out tied to future earnings growth. Funding was provided from borrowings under Actuant's revolving credit facility.

B.E.P. Marine, based in Auckland, New Zealand, generated approximately $10 million of sales in the last twelve months and employs approximately 70 associates. It maintains a leading market position selling AC and DC control panels, digital monitoring systems, battery switches and battery distribution products, waterproof switch panels, and gas detectors primarily to original equipment manufacturer (OEM) boat builders and the marine aftermarket. No other financial terms are being disclosed.

B.E.P. Marine will be part of the Actuant Recreational Group within Actuant's Tools & Supplies segment. Mark Goldstein, Executive Vice President of Actuant and Tools & Supplies Segment Leader, stated, "B.E.P. Marine is a natural addition to the Actuant Recreational Group. While our Marinco products provide power from the dock to the boat, and Ancor products carry the electrical power within the boat, B.E.P. Marine's power control panels and distribution systems manage all electrical power on the boat. Its innovative new product development competencies, as well as opportunities to expand the product lines offered by the Actuant Recreational Group, make this an attractive acquisition for Actuant. Ross Pratt, Mark Raines, and Chris Wilkins, the current Directors of B.E.P. Marine, and their team have worked hard to develop a strong brand and position in the marketplace. They are joining the Actuant Recreational Group management team, reporting to Marty O'Donohue, Actuant Recreational Group Leader."

Safe Harbor Statement

Certain of the above comments represent forward-looking statements made pursuant to the provisions of the Private Securities Litigation Reform Act of 1995. Management cautions that these statements are based on current estimates of future performance and are highly dependent upon a variety of factors, which could cause actual results to differ from these estimates. Actuant's results are also subject to general economic conditions, variation in demand from customers, the impact of geopolitical activity on the economy, continued market acceptance of the Company's new product introductions, the successful integration of acquisitions and related restructuring, operating margin risk due to competitive pricing and operating efficiencies, supply chain risk, material and labor cost increases, foreign currency fluctuations and interest rate risk. See the Company's registration statements filed with the Securities and Exchange Commission for further information regarding risk factors.

Actuant, headquartered in Glendale, Wisconsin, is a diversified industrial company with operations in 31 countries. The Actuant businesses are market leaders in highly engineered position and motion control systems and branded hydraulic and electrical tools and supplies. Formerly known as Applied Power Inc., Actuant was created in 2000 after the spin-off of Applied Power's electronics business segment into a separate public company. Since 2000, Actuant has grown its sales run rate from $482 million to over $1 billion and its market capitalization from $113 million to over $1 billion. The Company employs a workforce of more than 5,000 worldwide. Actuant Corporation trades on the New York Stock Exchange under the symbol ATU. For further information on Actuant and its business units, visit the Company's website at www.actuant.com.