Applied Power Inc. Signs Definitive Agreement To Sell Air Cargo Equipment.Business Editors WAUKESHA, Wis.--(BUSINESS WIRE)--April 27, 2000 Applied Power Inc. (NYSE NYSE See: New York Stock Exchange : APW APW All Pro Wrestling APW Altmar Parish Williamstown (School District; Parish, New York) APW Add-Printer Wizard (Microsoft Windows) APW Augmented Plane Wave APW Apparent Polar Wander ) announced today that it has signed a definitive agreement to sell its Air Cargo Equipment business to Teleflex Incorporated (NYSE: TFX TFX Tactical Fighter Experimental TFX Toxic Effects TFX Tactical Field Exercise (also abbreviated TFE) TFX Thin Form Factor TFX Transitions and Effects ). Details of the transaction were not disclosed at this time. About Applied Power Inc. Applied Power Inc., headquartered in Waukesha, Wisconsin, is a global company comprised of two business segments. Electronics supplies electronic enclosures, power supplies, thermal systems, backplanes, and cabling either as products or integrated as a system supplied along with new product design, supply chain management, assembly and test services. Industrial is composed of standard and customized OEM (Original Equipment Manufacturer) The rebranding of equipment and selling it. The term initially referred to the company that made the products (the "original" manufacturer), but eventually became widely used to refer to the organization that buys the products and products sold to a wide array of end users through distribution or directly into a variety of niche markets. Certain of the above comments represent forward-looking statements made pursuant to the provisions of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Management cautions that these projections 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. Applied Power's results are also subject to continued market acceptance of the Company's new product introductions, the successful integration of recent acquisitions, operating margin Operating Margin A ratio used to measure a company's pricing strategy and operating efficiency. Calculated by: risk due to competitive pricing, foreign currency fluctuations and interest rate risk. |
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