Exhibit 99.1

FOR RELEASE: Immediately

Contact:
Richard K. Arter             Investor Relations              941-362-1200
Richard J. Dobbyn            Chief Financial Officer         941-362-1200

Sun Hydraulics Corporation Declares Fourth Quarter Dividend

SARASOTA, FLA, December 20, 2000 - Sun Hydraulics Corporation (NASDAQ: SNHY) has
announced a $0.04 per share dividend on its common stock. The dividend is
payable on January 15, 2001, to shareholders of record as of December 31, 2000.

Sun Hydraulics Corporation, with manufacturing and distribution facilities in
Sarasota and Manatee County, Florida, Coventry, England, Erkelenz, Germany and
Inchon, Korea, is a leading designer and manufacturer of high performance
screw-in hydraulic cartridge valves and manifolds for worldwide industrial and
mobile markets.