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Provider: Pechala's Reports

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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

Wednesday, 2 Oct 2013 06:52pm EDT 

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. 

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21 Nov 2014