Exhibit 99.1

Actuant Announces Results of Consent Solicitation Relating to Its 13%
Senior Subordinated Notes Due 2009

    MILWAUKEE--(BUSINESS WIRE)--July 16, 2004--Actuant Corporation
("Actuant" or the "Company") announced today that as of 5:00 p.m. New
York City time, on July 15, 2004 (the "Consent Time"), it had received
valid tenders and consents from holders of $27,974,000 aggregate
principal amount of its 13% Senior Subordinated Notes due 2009 (CUSIP
No. 00508WAB2, the "Notes"), which amount represents 95.7% of the
outstanding principal amount of the Notes, in connection with the
previously announced cash tender offer and consent solicitation for
the Notes. This satisfies the Requisite Consents Condition as defined
in Actuant's Offer to Purchase and Consent Solicitation Statement
dated July 1, 2004 (the "Offer to Purchase").
    Notes tendered on or prior to the Consent Time may no longer be
withdrawn and the related consents may not be revoked, except in the
limited circumstances described in the Offer to Purchase. Accordingly,
Actuant and the trustee under the indenture intend to promptly execute
and deliver a supplemental indenture containing the proposed
amendments described in the Offer to Purchase, which will eliminate
substantially all restrictive covenants and certain event of default
provisions. The proposed amendments will not become operative,
however, unless and until Actuant accepts the Notes for purchase in
accordance with the terms and subject to the conditions set forth in
the Offer to Purchase. If the proposed amendments become operative,
holders of all the Notes then outstanding will be bound thereby.
    A consent payment of $30 per $1,000 principal amount of the Notes
(the "Consent Payment") will be paid to holders of Notes who validly
tendered and did not withdraw such Notes prior to the Consent Time, if
and only if Actuant accepts for payment Notes tendered in the tender
offer. Holders whose valid tenders are received after the Consent
Time, but prior to the expiration of the tender offer, which is 5:00
p.m., New York City time, on July 30, 2004, will receive only the
tender offer consideration (as described in the Offer to Purchase),
but not the Consent Payment.
    This announcement is not an offer to purchase, a solicitation of
an offer to purchase or a solicitation of consent with respect to any
securities. The offer is being made solely pursuant to the Offer to
Purchase.

    Actuant, headquartered in Milwaukee, Wisconsin, is a diversified
industrial company with operations in over 20 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 Dresco, Enerpac,
Gardner Bender, Kopp, Kwikee, 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.

    CONTACT: Actuant Corporation
             Andrew Lampereur, 414-352-4160