Dorner Addition Sends Columbus McKinnon s Sales Up 53% inddist.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from inddist.com Daily Mail and Mail on Sunday newspapers.
Columbus McKinnon Acquiring Dorner Manufacturing in $485M Deal
Wisconsin-based Dorner, best known for its conveyor solutions, is expected to have fiscal 2021 revenue of $125 million.
Mar 2nd, 2021
BUFFALO, NY Columbus McKinnon Corporation, a designer, manufacturer and marketer of intelligent motion solutions, products, technologies and services for material handling, announced Monday that the company has executed a definitive agreement to acquire Dorner Manufacturing Corporation, an automation solutions company providing unique, patented technologies in the design, application, manufacturing and integration of high-precision conveying systems, from global private markets firm EQT.
David Wilson, president and CEO of Columbus McKinnon, commented, “The acquisition of Dorner provides a catalyst for growth in extremely attractive markets and begins the process of reimagining the future of Columbus McKinnon. Dorner advances our strategy to broaden expertise in intelligent motion s
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