ENERPAC TOOL GROUP CORP Overview
Company Headquarters: US
Founded: 1910
Workforce: ~4,700
Company Working: Enerpac Tool Group Corp. is a diversified industrial company. The firm is involved in the designing, manufacturing, and distribution of a wide range of industrial products and systems for a diversified range of markets. It operates through the segments of Industrial Tools and Services and Engineered Components and Systems. The Industrial Tools and Services segment supplies products and services to end markets such as industrial machinery, energy and power, mining, and automation markets. The Engineered Components and Systems segment operates in critical system positions and motion control systems, ropes, cables, and other customized industrial components for various vehicles, construction, agricultural and other markets.
Strategy
Enerpac Tool Group Corp. follows an organic growth strategy. The company believes in new product development and innovation. The multiple product launches undertaken by the company are evident in the research and development focus of the company. Enerpac Tool Group also focuses on maintaining strong flows that are achieved by maximizing returns on assets and minimizing primary working capital needs. The cash flow that results from efficient asset management, improved profitability, and loyal customers are used to fund internal growth opportunities, strategic acquisitions, and opportunistic common stock repurchases
