{"id":14154,"date":"2025-02-11T08:36:18","date_gmt":"2025-02-11T08:36:18","guid":{"rendered":"https:\/\/www.findadistributor.com\/news\/?p=14154"},"modified":"2025-02-11T08:36:18","modified_gmt":"2025-02-11T08:36:18","slug":"cmco-to-combine-with-kito-crosby","status":"publish","type":"post","link":"https:\/\/www.findadistributor.com\/news\/cmco-to-combine-with-kito-crosby\/","title":{"rendered":"CMCO to Combine with Kito Crosby"},"content":{"rendered":"

Columbus McKinnon (CMCO)<\/a> has entered into a definitive agreement to combine with Kito Crosby in an all-cash transaction for approximately $2.7 billion.<\/p>\n

David Wilson, president, CEO at CMCO<\/a>, said: \u201cWe\u2019re confident this deal will advance our ability to deliver quality products to even better meet our customers\u2019 material handling needs.\u201d<\/p>\n

Kito Crosby is a global leader in lifting solutions with a global manufacturing footprint serving over 50 countries. This combination unites two highly talented teams with deep technical expertise in the lifting industry with a relentless focus on safety, productivity, and uptime.\u00a0<\/span><\/p>\n

Wilson continued: \u201cThis complementary portfolio not only provides our customers with significant breadth and depth of product offerings, but it expands our collective global market presence, combining Kito Crosby\u2019s strong footprint in Asia with Columbus McKinnon<\/a>\u2019s strength in Latin America and EMEA. By combining the strengths of our businesses and leveraging best practices across operational excellence, customer service and technology, we will be positioned to serve our customers better than ever before.\u201d<\/p>\n

\"\"

Columbus McKinnon has entered into a definitive agreement to combine with Kito Crosby in an all-cash transaction for approximately $2.7 billion.<\/p><\/div>\n

It is expected that the acquisition will close later this calendar year, subject to all regulatory approvals and completion of normal closing conditions. Until the transaction is complete, Columbus McKinnon<\/a> and Kito Crosby will continue to operate as independent companies, so things will remain business as usual.<\/p>\n","protected":false},"excerpt":{"rendered":"

Columbus McKinnon (CMCO) has entered into a definitive agreement to combine with Kito Crosby in an all-cash transaction for approximately $2.7 billion. David Wilson, president, CEO at CMCO, said: \u201cWe\u2019re confident this deal will advance our ability to deliver quality products to even better meet our customers\u2019 material handling needs.\u201d Kito Crosby is a global… Read More<\/a><\/p>\n","protected":false},"author":3,"featured_media":14155,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[16,10],"tags":[174,391,9434,157,106,62],"class_list":["post-14154","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-homepage-featured","category-news","tag-cmco","tag-columbus-mckinnon","tag-kito-crosby","tag-logistics","tag-material-handling","tag-supply-chain"],"acf":[],"yoast_head":"\nCMCO to Combine with Kito Crosby - Find A Distributor Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.findadistributor.com\/news\/cmco-to-combine-with-kito-crosby\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CMCO to Combine with Kito Crosby - Find A Distributor Blog\" \/>\n<meta property=\"og:description\" content=\"Columbus McKinnon (CMCO) has entered into a definitive agreement to combine with Kito Crosby in an all-cash transaction for approximately $2.7 billion. David Wilson, president, CEO at CMCO, said: \u201cWe\u2019re confident this deal will advance our ability to deliver quality products to even better meet our customers\u2019 material handling needs.\u201d Kito Crosby is a global... 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