Applied Power sells Blackhawk rights.MILWAUKEE--(BUSINESS WIRE)--Sept. 30, 1996--Applied Power Inc. (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 - NYSE NYSE See: New York Stock Exchange ) announced today that it has entered into an agreement to sell certain trademark and distribution rights to the Blackhawk line of collision repair equipment to the Hein-Werner Corporation. The agreement covers Central and South America South America, fourth largest continent (1991 est. pop. 299,150,000), c.6,880,000 sq mi (17,819,000 sq km), the southern of the two continents of the Western Hemisphere. and Asia, excluding Japan. Applied Power previously sold its European and North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. rights to Blackhawk to Hein-Werner in 1987. Gustav H.P. Boel, Vice President of Applied Power's Distributed Products segment, commented, "The sale of the collision repair product line will allow us to focus our energies on other growth opportunities within the automotive aftermarket Aftermarket See: Secondary market. aftermarket See secondary market. ." Terms of the sale were not disclosed; total sales for Blackhawk crash repair equipment in the territories affected approximated $3 million in the Company's most recent fiscal year. Applied Power is a global company comprised of three business segments. 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 a wide variety of industrial and electrical tools and consumables sold primarily through distribution worldwide. Wright Line provides furnishings and enclosures for technical environments and equipment. -0- To receive a faxed copy of this or other recent Applied Power communications, please call the Company's "News on Demand" service at 1-800-549-0679. CONTACT: Applied Power Inc. Robert C. Arzbaecher, 414/781-6600 |
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