Applied Power completes acquisition of Hormann Security Systems Limited.MILWAUKEE--(BUSINESS WIRE)--June 6, 1997--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 ) reported today that it has completed the previously announced acquisition of the stock of Hormann Security Systems Limited ("Hormann") for a purchase price of approximately $10 million. Hormann, headquartered in Cork, Ireland Cork, Ireland is a term which may refer to the following places in southern Ireland, depending on context.
Philip Philip, tetrarch of Ituraea Philip, d. A.D. 34, tetrarch of Ituraea, son of Herod the Great. He was perhaps the ablest of the Herod dynasty. He is mentioned in the Gospel of St. Luke. T. Burkart, President of TEE, commented, "We are buying Hormann to bring electro-mechanical assembly and test skills into TEE, which we need to do complete box-builds for a number of existing customers who currently buy enclosures from us. This acquisition enhances and strengthens our electronic enclosure enclosure (inclosure) n. land bounded by a fence, wall, hedge, ditch or other physical evidence of boundary. Unfortunately, too often these creations are not included among the actual legally-described boundaries and cause legal problems. ENCLOSURE. strategy." Applied Power is a global company comprised of three business segments. Technical Environments and Enclosures expertise is in configuring technical equipment for end users and in providing enclosures for electronic equipment. Engineered Solutions supplies components and systems based on hydraulic and vibration control technologies to a diverse group of 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 customers. Distributed Products provides industrial and electrical tools and consumables through various distributor and retail channels worldwide. CONTACT: Applied Power Inc., Milwaukee Robert C. Arzbaecher, 414/781-6600 |
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