Key Developments: Columbus McKinnon Corp (CMCO.OQ)
12 Dec 2013
Latest Key Developments (Source: Significant Developments)
Actuant Corp, Columbus McKinnon Corp, KKR & Co LP, Warburg Pincus LLC And Others Are Among The Bidders For Melrose Industries Plc's Crosby Group LLC-Reuters
Reuters reported that Actuant Corp and Columbus McKinnon Corp are among the bidders for Crosby Group LLC, a lifting equipment company that is valued at around $1 billion. Crosby, a unit of British engineering firm Melrose Industries Plc, has also attracted private equity offers, including from KKR & Co LP, Warburg Pincus LLC, TPG Capital LP and CCMP Capital LP. The management of Tulsa, Oklahoma-based Crosby has already met with potential buyers and the company will soon seek final bids, details of the sale process are confidential. Full Article
Columbus McKinnon Corp announced the sale of its Gaffey division of Crane Equipment and Service Inc. Gaffey is located in Cleveland, TX and primarily serves the South-Central United States. Full Article
Columbus McKinnon Corp. announced that for the second quarter of 2013, it continues to see revenues grow in the mid to high single-digit range. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenue of $1.53 million for the second quarter of 2013. Full Article
- Industrial products makers Actuant Corp and Columbus McKinnon Corp are among the bidders for Crosby Group LLC, a lifting equipment company that is valued at around $1 billion, several people familiar with the matter said this week.