{"id":6421,"date":"2019-05-20T17:22:59","date_gmt":"2019-05-20T17:22:59","guid":{"rendered":"https:\/\/www.findadistributor.com\/news\/?p=6421"},"modified":"2019-05-20T08:29:39","modified_gmt":"2019-05-20T08:29:39","slug":"crosby-enters-into-agreement-to-acquire-gunnebo-industries","status":"publish","type":"post","link":"https:\/\/www.findadistributor.com\/news\/crosby-enters-into-agreement-to-acquire-gunnebo-industries\/","title":{"rendered":"Crosby Enters into Agreement to Acquire Gunnebo Industries"},"content":{"rendered":"

The Crosby Group (\u201cCrosby\u201d)<\/a>, a leading global provider of lifting, rigging, and material handling hardware, today announced that it has entered into an agreement to acquire Gunnebo Industrier Holding AB from Segulah, a Nordic private equity firm, and that all closing conditions have<\/p>\n

been satisfied. Gunnebo Industries is a global leader in innovating, developing, manufacturing and selling products for material handling and other related applications.<\/p>\n

\u201cGiven our shared commitment to safe rigging and lifting and our equally committed and talented teams, this acquisition is a natural fit,\u201d Bob Davies, Chief Executive Officer of Crosby<\/a>, said. \u201cTogether we complement each other perfectly. Crosby<\/a> and Gunnebo Industries will be able to deliver enhanced value for customers and channel partners by providing a broader product portfolio, enhanced support and training, expanded geographic presence and greater ability to offer innovative solutions.\u201d<\/p>\n

Fredrik Wiking, Chief Executive Officer of Gunnebo Industries, stated, \u201cThis is an exciting new chapter for Gunnebo Industries, its employees, and customers. In combining the talent and resources of both companies, we will be able to take our customer offering to a whole new level. We look forward to joining the Crosby team, who share the same values as us \u2013 innovation, quality and safety.\u201d<\/p>\n

Financial terms of the transaction were not disclosed. Alantra served as financial advisor to Crosby<\/a> and Kirkland & Ellis and Vinge served as legal advisors.<\/p>\n

\"\"

Crosby is a leading manufacturer of premium accessories used in lifting, rigging and securement applications. Based in the United States, the company has the reputation around the world for providing a broad range of products suitable for the most demanding of operating conditions with uncompromising quality.<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

The Crosby Group (\u201cCrosby\u201d), a leading global provider of lifting, rigging, and material handling hardware, today announced that it has entered into an agreement to acquire Gunnebo Industrier Holding AB from Segulah, a Nordic private equity firm, and that all closing conditions have been satisfied. Gunnebo Industries is a global leader in innovating, developing, manufacturing… Read More<\/a><\/p>\n","protected":false},"author":3,"featured_media":6422,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[16,10],"tags":[2582,3856,257,106,3857,975],"class_list":["post-6421","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-homepage-featured","category-news","tag-crosby","tag-gunnebo","tag-lifting","tag-material-handling","tag-material-handling-hardware","tag-rigging"],"acf":[],"yoast_head":"\nCrosby Enters into Agreement to Acquire Gunnebo Industries - 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\/crosby-enters-into-agreement-to-acquire-gunnebo-industries\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Crosby Enters into Agreement to Acquire Gunnebo Industries - Find A Distributor Blog\" \/>\n<meta property=\"og:description\" content=\"The Crosby Group (\u201cCrosby\u201d), a leading global provider of lifting, rigging, and material handling hardware, today announced that it has entered into an agreement to acquire Gunnebo Industrier Holding AB from Segulah, a Nordic private equity firm, and that all closing conditions have been satisfied. Gunnebo Industries is a global leader in innovating, developing, manufacturing... 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