#United States #Charlotte #Acquisition #Columbus McKinnon #Kito Crosby

Columbus McKinnon Corporation Advances with Kito Crosby Acquisition

Columbus McKinnon Corporation (NASDAQ: CMCO), a prominent entity in the design, manufacturing, and marketing of intelligent motion solutions, has announced significant progress by securing approval from the Antitrust Division of the U.S. Department of Justice (DOJ) for its acquisition of Kito Crosby Limited. This acquisition marks an essential step for Columbus McKinnon as it seeks to expand its operational capabilities and enhance service delivery on a global scale.

On February 2, 2026, the company confirmed that it had received the green light for the merger, which is anticipated to close within the month, pending customary closing conditions. To comply with regulatory requirements, Columbus McKinnon has agreed to divest its U.S. power chain hoist and chain operations, as part of a consent decree established with the DOJ. This divestiture is expected to facilitate a smoother integration process, ensuring compliance and negating any anti-competitive concerns related to the acquisition.

David Wilson, President and CEO of Columbus McKinnon, expressed enthusiasm about the acquisition, stating, "Today is an important day for Columbus McKinnon. We are thrilled to have met our final regulatory requirement, allowing us to merge two industry-leading teams. The enhanced scale and capabilities will greatly benefit our customers while boosting financial performance for our investors."

The strategic merger will potentially lead to an impressive $70 million in expected annual run rate cost synergies, allowing the newly formed entity to improve its Adjusted EBITDA margin significantly. By combining resources and expertise, Columbus McKinnon aims to refine its offerings in material handling solutions and operate more efficiently in the marketplace.

Columbus McKinnon is known for its cutting-edge motion solutions that cater to various commercial and industrial applications. The acquisition of Kito Crosby is poised to reinforce its position in the materials handling sector and improve delivery efficiency. Kito Crosby itself is a renowned global leader in lifting and securement, recognized for setting high-quality standards in the industry over its long-standing history of 250 years.

Kito Crosby boasts a diverse range of products and solutions, backed by a robust infrastructure for engineering, manufacturing, and distribution worldwide. Their iconic brands, which include Kito, Crosby, and Harrington, complement Columbus McKinnon’s portfolio of products, paving the way for a broader market reach and enhanced customer service capabilities.

As the integration process begins, Columbus McKinnon is committed to ensuring a seamless transition that prioritizes customer satisfaction and operational excellence. The leadership team has expressed gratitude to all employees for their dedication and contributions throughout the lengthy regulatory review process, emphasizing their role in achieving this significant milestone.

This acquisition is a clear indication of Columbus McKinnon's strategic intent to bolster its market position while fostering a culture of innovation and collaboration. The combined entities are anticipated to harness their collective strengths, leading to improved product offerings and potential new market developments.

In conclusion, as Columbus McKinnon gears up for this pivotal acquisition, the company positions itself strategically within the dynamic landscape of material handling solutions, ready to leverage new opportunities while remaining committed to quality and customer-centric service.

For more information on Columbus McKinnon and its full range of motion solutions, visit www.cmco.com.