Kwikee Under New Ownership

We are pleased to announce that in September 2003, Actuant Corporation completed the purchase of Kwikee Products Company.

Actuant, listed on the New York Stock Exchange under the ticker symbol ATU, is a global company with sales of $580,000,000 USD. Actuant consists of four primary companies:

• Power Packer
• Power Gear
• Enerpac
• Gardner Bender

The Engineered Solutions (ES) division, comprised of Power Gear and Power Packer, currently generates 35% of Actuant revenues.

Kwikee will be managed under the ES group of businesses. ES is a leader in the transportation market, selling actuation solutions to companies such as DAF, Volvo, Scania, Mercedes-Benz, Karman, Fleetwood, and Monaco. ES also serves other niche actuation markets including medical and marine. The extensive product line includes micro-hydraulic convertible top and latch actuation, hydraulic cab-over-engine tilting systems for trucks, RV leveling, and electro-mechanical and hydraulic slideouts for RV room displacement. You can find out more about Actuant and our Engineered Solutions businesses by visiting www.Actuant.com

Kwikee now reports to Bill Blackmore, President of Engineered Solutions. Mr. Blackmore has over 20 years experience with global industrial businesses and is a member of Actuant's Leadership Team.

Kwikee's strong brand, customers, leading market position, and product development were among the reasons for Actuant's interest. Our intent is to leverage these and other synergies to create a global company that provides Kwikee's RV customers with a full portfolio of actuation solutions.