Wires

Danaher, Cooper to sell tools JV to Bain Capital

Oct 10 (Reuters) - Danaher Corp and CooperIndustries said they will sell their hand and powertools 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 handtools for Sears Holdings Corp's Craftsman brand.

(Reporting by A. Ananthalakshmi in Bangalore; Editing bySaumyadeb Chakrabarty)

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Keywords: DANAHER APEXTOOLGROUP/