Profile: Columbus McKinnon Corp (CMCO.OQ)
24 Feb 2017
Columbus McKinnon Corporation, incorporated on October 23, 1929, is a global designer, manufacturer and marketer of hoists, actuators, cranes, rigging tools, digital power control systems, and other material handling products serving various commercial and industrial end user markets. The Company's products include various electric, air-powered, lever, and hand hoists, hoist trolleys, winches, industrial crane systems, such as steel bridge, gantry and jib cranes and aluminum work station cranes; alloy and carbon steel chain; forged attachments, such as hooks, shackles, textile slings, clamps, logging tools and load binders; mechanical and electromechanical actuators and rotary unions; below-the-hook special purpose lifters and tire shredders; power and motion control systems, such as alternate current (AC) and direct current (DC) drive systems, radio remote controls, push button pendant stations, brakes, and collision avoidance and power delivery subsystems. These products are typically manufactured for stock or assembled to order from standard components and are sold primarily through various commercial distributors and to a lesser extent, directly to end users. The diverse end users of its products are in various industries, including manufacturing, power generation and distribution, utilities, wind power, warehouses, commercial construction, oil and gas exploration and refining, petrochemical, marine, ship building, transportation and heavy duty trucking, agriculture, logging and mining. It also serves entertainment industry, including permanent and traveling concerts, live theater and sporting venues.
The Company manufactures various electric chain hoists, electric wire rope hoists, hand-operated hoists, winches, lever tools and air-powered hoists. Load capacities for its hoist product lines range from one-eighth of a ton to 80 tons. These products are sold under its Budgit, Chester, CM, Coffing, Little Mule, Pfaff, Shaw-Box, Yale and other recognized brands. Its hoists are sold for use various general industrial applications, as well as for use in the construction, energy, mining, food services, entertainment and other markets. It also supplies hoist trolleys, driven manually or by electric motors, that are used in conjunction with hoists. It also offers several lines of standard and custom-designed, below-the-hook tooling, clamps, and textile strappings. Below-the-hook tooling, textile and chain slings and associated forgings, and clamps are specialized lifting apparatus used in various lifting activities performed in conjunction with hoisting or lifting applications.
Chain and Rigging Tools
The Company manufactures alloy and carbon steel chain for various industrial and consumer applications. A line of its alloy chain is sold under the Herc-Alloy brand name for use in overhead lifting, pulling and restraining applications. In addition, it also sells specialized load chain for use in hoists, as well as approximately three grades and multiple sizes of carbon steel welded-link chain for various load securing and other non-overhead lifting applications. It produces a line of alloy and carbon steel closed-die forged chain attachments, including hooks, shackles, Hammerloks and master links. These forged attachments are used in chain, wire rope and textile rigging applications in various industries, including transportation, mining, construction, marine, logging, petrochemical and agriculture. In addition, it manufactures carbon steel forged and stamped products, such as load binders, logging tools and other securing devices, for sale to the industrial and logging markets through industrial distributors, hardware distributors, mass merchandiser outlets and OEMs.
The Company participates in the crane industry, predominately in the United States market, but also globally in certain product offerings, through its offering of overhead steel jib and gantry cranes. Its products are marketed under the Unified, CES, Abell-Howe and Washington Equipment brands. Crane builders represent a specific distribution channel for electric wire rope hoists, chain hoists and other crane components. It also manufactures and markets overhead aluminum light rail workstations primarily used in automotive and other industrial applications.
Actuators and Rotary Unions
Through the Company's Duff-Norton and Pfaff divisions, it designs and manufactures industrial components, such as mechanical and electromechanical actuators and rotary unions. Actuators are linear motion devices used in various industries, including the transportation, paper, steel, energy, aerospace and many other commercial industries. Rotary unions are devices that transfer a liquid or gas from a fixed pipe or hose to a rotating drum, cylinder or other device. Rotary unions are used in various industries, including pulp and paper, printing, textile and fabric manufacturing, rubber and plastic.
Digital Power Control and Delivery Systems
The Company provides power control and delivery systems and solutions for overhead material handling applications used in a number of diverse industries, including aerospace, automotive, steel, aluminum, paper, logging, mining, ship loading, nuclear power plants, and heavy movable structures. It is a supplier in North America of power and motion control systems, which include AC and DC drive systems, radio remote controls, push button pendant stations, brakes, and collision avoidance and power delivery subsystems. It is also an independent supplier of AC and DC digital motion control systems for underground coal mining equipment. Its systems are used in coal hauling vehicles, shuttle cars, scoops, and other heavy mining equipment.
Elevator Application Drive Systems
The Company designs, builds, sells, and supports elevator application-specific drive products that deliver power used to control motion, primarily in high-rise, high-speed elevator applications. Its elevator product offerings comprise highly integrated subsystems and drives, sold mainly to elevator OEMs. In addition, its product options include a number of regenerative controls for both new building installations and elevator modernization projects that help building owners save energy.
The Company offers tire shredders. The Company has developed a line of heavy equipment that shred whole tires, for use in recycling the various components of a tire including rubber and steel. These recycled products are used as aggregate for playgrounds, sports surfaces, landscaping and other such applications, as well as scrap steel.
The Company competes with Konecranes, Terex, Kito, Campbell Chain, Peerless Chain Company, American Chain and Cable Company, Power Electronics International, Inc., Laird Technologies, Delachaux Group, Emerson Electric, OMRON Corporation, KEB GmbH, Fujitec, The Crosby Group and Brewer Tichner Company, Deublin, Joyce-Dayton, Nook Industries and Granutech.
Columbus McKinnon Corp
140 JOHN JAMES AUDUBON PKWY
AMHERST NY 14228-1197