SPARKS, MD (July 6, 2010) – Apex Tool Group, LLC, a global hand and power tool company formed through a joint venture between Danaher Corporation (NYSE:DHR) and Cooper Industries plc (NYSE:CBE), today announced the closing of the joint venture and unveiled the new company’s name and leadership team. Apex Tool Group is headquartered in Sparks, MD and led by former Danaher Tool Group Executive Steve Breitzka, the new company’s President and Chief Executive Officer. Steve Simms, a former Executive Vice President with Danaher Corporation and respected industry veteran, is Chairman of the Board of Directors. The new leadership team for Apex Tool Group includes both Cooper and Danaher executives.