Cortec Selling Cortland Cos. for $230 Million

Cortec Group has agreed to sell Cortland Cos. to Actuant Corp. (NYSE: ATU) for approximately $230 million. Cortland is a Cortland, N.Y.-based maker of electro-mechanical cables and umbilicals, synthetic ropes and steel cable and assemblies. Harris Williams is advising Cortland on the deal, while Morgan Stanley is advising Actuant.

North AmericaUSBriefs