Enerpac Tool Group Market Research Report
Company Overview
- Name: Enerpac Tool Group Corp.
- Mission: "We make complex, often hazardous jobs possible safely and efficiently."
- Founded: 1910
- Founder: No information is available
- Key People:
- Paul Sternlieb, President & CEO
- Darren Kozik, Executive Vice President & Chief Financial Officer
- Eric Chack, Executive Vice President – Operations
- Headquarters: Menomonee Falls, Wisconsin, with plans to move to downtown Milwaukee, Wisconsin.
- Number of Employees: No information is available
- Revenue: No specific revenue figures available, but recent reports note strong financial performance with revenue and free cash flow at the high end of guidance.
- Known For: Enerpac Tool Group is a premier provider of industrial tools, services, technology, and solutions, particularly known for high-pressure hydraulic tools and controlled force products.
Products
Enerpac Tool Group offers a diverse range of products across various global brands aimed at enhancing safety and efficiency:
Enerpac Products
- High-pressure hydraulic tools and controlled force products.
- Pumps and Power Units: Available in manual, battery, electric, air, and gas options with capacities ranging from 30 in³ to 66 gal.
- Cylinders and Jacks: Capacity from 2 to 1000 tons and max operating pressure up to 10,000 psi.
- Cutters, Gantries, and Heavy Lifting Technology: Specialized for precise lifting, lowering, and positioning of heavy loads.
- Machine Moving Tools: Up to 400 tons capacity, assisting with equipment maneuvering.
- Pipe Benders, Presses, Pullers, Punches: Catering to various industrial needs such as bending, pressing, pulling, and piercing metals.
- Torque and Tension Tools: Includes hydraulic and pneumatic wrenches.
- Workholding Tools: Offers a range of clamps and supports for manufacturing processes.
Other Brands
- Simplex: High force hydraulic tools for the American market.
- Larzep: Cost-effective and durable lifting systems with a focus on the European market.
- Hydratight: On-site service solutions to maintain asset integrity.
Recent Developments
- Management Appointments:
- Darren Kozik appointed as EVP & CFO, enhancing the company's financial leadership.
- Eric Chack appointed EVP - Operations, overseeing global operations.
- Acquisitions and Growth:
- Acquisition of DTA: Expands capabilities in industrial heavy loads transportation with mobile robotic solutions.
- Acquisition of Track Tools Technology: Strengthens offerings in the rail industry.
- Strategic Moves:
- Announced a decision to relocate corporate headquarters to downtown Milwaukee.
- Sold Cortland Industrial to Tufropes, streamlining business focus.
- Financial Performance:
- Released FY2023 Annual Report along with strong fourth-quarter results indicating strong revenue and cash flow performance.
- Environmental, Social, and Governance (ESG):
- Published the 2023 ESG Report detailing strategic commitments and environmental management.
Contact Information
- Investor Relations: Travis Williams, Head of Investor Relations
- Phone: +1 262-293-1912
- Email: travis.williams@enerpac.com
This report is designed to provide a comprehensive understanding of Enerpac Tool Group, its market positioning, product range, and recent strategic movements. All information is derived from public data provided above.
