Columbus McKinnon to Buy Kito Crosby From KKR

The manufacturer announced this week it had reached a $2.7 billion deal to acquire Kito Crosby Ltd. The all-cash transaction ...
Local industrial manufacturer Columbus McKinnon disclosed plans to buy Texas-based Kito Crosby in a deal worth $2.7 billion, according to a Monday news release from the Charlotte-based company.
Despite an 8% drop in net sales, Columbus McKinnon Corp (CMCO) anticipates significant synergies and growth from its ...