Tufropes completed the acquisition of Cortland Industrial from Enerpac Tool Group.

Tufropes, a manufacturer of high-performance synthetic fiber ropes and netting solutions, completed the acquisition of Cortland Industrial, a designer, manufacturer, and supplier of technologically advanced ropes, slings, and tethers, from Enerpac Tool Group, a manufacturer of high-force industrial tools and related services. Financial terms were not disclosed. “With this transaction, we are continuing to sharpen Enerpac Tool Group’s pure-play focus. At the same time, we are pleased to have completed a competitive process for Cortland Industrial that culminated in this value-maximizing transaction and provides a strong new home in Tufropes for our Cortland Industrial team members." Paul Sternlieb, Enerpac Tool Group President and CEO.