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Columbus McKinnon Q2

Excluding Dorner, the company still had robust organic sales growth. ....

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Private equity firm selling Dorner Manufacturing in $485 million deal


Private equity firm selling Dorner Manufacturing in $485 million deal
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Dorner’s production floor in Hartland.
EQT Private Equity has agreed to sell Hartland-based conveyor maker Dorner Manufacturing Corp. to Columbus McKinnon Corp., a New York-based maker of motion control and automation products. The deal, which values Dorner at $485 million, is…
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Columbus McKinnon Corp., a New York-based maker of motion control and automation products.The deal, which values Dorner at $485 million, is expected to close in the second quarter of 2021.“The acquisition of Dorner provides a catalyst for growth in extremely attractive markets and begins the process of reimagining the future of Columbus McKinnon,” said David Wilson, president and chief executive officer of Columbus McKinnon.Dorner has around 400 employees with its largest facility in Hartland and other locations in Mexico, Germany and Malaysia. We are getting a very talented leadership ....

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