
Columbus McKinnon Announces $2.7 Billion Acquisition of Kito Crosby
News Summary Columbus McKinnon Corporation is set to acquire Kito Crosby Limited for $2.7 billion, a significant move aimed to strengthen its foothold in the lifting and securement industry. Headquartered in Charlotte, Columbus McKinnon aims to close the deal by year-end, pending regulatory approval. The acquisition could enhance annual revenue and yield substantial cost savings, though the stock price has taken a hit post-announcement. This merger is expected to expand