Actuant Announces New Program Win - Chrysler PT Cruiser

    MILWAUKEE--Aug. 22, 2002--Actuant Corporation announced today that it has been awarded a contract to produce the actuation system for the PT Cruiser convertible. EDSCHA Cabrio-Dach Systeme GmbH, the roof system supplier on this Chrysler platform, awarded the contract. Production is scheduled to begin in the fall of 2003 in Actuant's Glendale, Wisconsin automotive facility.
    "This program represents a very important success for Actuant" commented Robert C. Arzbaecher, President and CEO of Actuant. "We needed to pull together global resources from our Power-Packer business in both Europe and the U.S. to meet the accelerated timeframe for design and production of this program. This win is another vote of confidence for our high pressure hydraulic technology which continues to be favored over our competitors' actuation technology."

    Actuant, headquartered in Milwaukee, Wisconsin, is a diversified industrial company with operations in 15 countries. The Actuant businesses are market leaders in highly engineered position and motion control systems and branded hydraulic and electrical tools. Products are offered under such established brand names as Enerpac, Gardner Bender, Milwaukee Cylinder, Nielsen Sessions, Power-Packer, and Power Gear.
    For further information on Actuant and its business units, visit the Company's website at www.actuant.com.