Danaher, Cooper to sell tools JV to Bain Capital
Oct 10 (Reuters) - Danaher Corp and Cooper Industries said they will sell their hand and power tools joint venture, Apex Tool Group, to Bain Capital for about $1.6 billion.
Danaher and Cooper each own a 50 percent interest in Apex, which makes Crescent wrenches, Lufkin measuring tapes and hand tools for Sears Holdings Corp's Craftsman brand.
(Reporting by A. Ananthalakshmi in Bangalore; Editing by Saumyadeb Chakrabarty)
Keywords: DANAHER APEXTOOLGROUP/